..

Business News

  • Written by Tess Sanders Lazarus


Small and medium enterprises (SMEs) across Australia are reaching out to China in the hope of being a part of the country’s transformation.

According to David Thomas, founder and President of the Australia China SME Association (Association), “China will become a puzzle for every entrepreneur, investor and business leader throughout the world”.

“The country is investing heavily in science and technology, in research and development, in clean technology, and in high-value manufacturing,” David Thomas added.

“They’re actually turning many industries upside down by the new innovation that they’re introducing.”

David is known as the ‘Thought Leader’ in relation to not only China but the ‘BRIC countries’ and has previously played a major role in the Australian China Business Council in NSW.    The term BRIC countries is used to describe, Brazil, Russia, India and China.

“The key role of the Association is to support Australian businesses to do business in China and to act as a bridge between SMEs in both countries to create meaningful relationships, friendships and business opportunities,” David added.

“The Association also runs conferences and hosts delegations from China to support and facilitate Australian SMEs to consult with potential business partners.

“This gives Australian SMEs an opportunity to get a taste of the sort of cross-culture transactions that could occur.

“We also lead missions to China for Australian SMEs to capture the essence of Chinese culture and the possibilities available for their business.

“As China expands further and starts to disrupt industries in other countries, everyone will be hungry for knowledge, skills and guidance in their dealings with China.

“This is something that I strive to achieve, by working with the companies I am involved in and mentoring the SMEs I do. 

“It allows guidance and clarity to be provided for these enterprises before making major financial and business decisions.”

After spending almost a decade in Hong Kong running his own financial planning business, David returned to Australia with an insight into the Asia Pacific region.  He was inspired to help SMEs in both China and Australia connect to establish investment and business opportunities. 

“I founded the Association to create a way for businesses to make cross-culture and cross-border transactions with the right guidance and support around them and to grow awareness and understanding of the great opportunities available to Australian businesses through doing business with China,” David added.

“Throughout my years of working in various industries in both countries I have developed a good understanding of the business culture needed to create opportunities and success between Australia and China.

“I have been connected to China and Chinese culture for many years as my father, Michael Thomas, was the Attorney General in Hong Kong from 1983 to 1988.

“He played a major role in negotiating with the Chinese to ensure that the English Rule of Law was enshrined within Hong Kong’s new Basic Law after 1997.

“While in Hong Kong, my father married a prominent politician and businesswoman, Baroness Lydia Dunn, who was the leading political figure in the lead up to 1997.

“I have learned, and continue to learn a lot about China from, not only my own experiences, but from both my father and step-mother.

“As the President of the Association and an advisor to SMEs, corporates and a mentor for many young Chinese students and budding entrepreneurs trying to find their way in Australia, I am keen to see the Australian business community build stronger business ties and opportunities with the Chinese business community.” 

www.acsme.com.au

10 Excellent Business Ideas for Young Entrepreneurs in 2019-2020

Top 10 Low-Budget Business Ideas for Students in 2019 Whoever said that you should wait for 10 or even more years after your graduation to launch your own business? 69% of US citizens start their ...

Elsa Avendano - avatar Elsa Avendano

The 1-Page Marketing Plan

SKIP BUSINESS SCHOOL. READ THIS NEW BOOK INSTEAD. Named as one of the “10 best marketing books for small business owners” by The Huffington Post.   MEDIA RELEASE: MELBOURNE, DECEMBER 13, 2018 —...

Claire Marshall - avatar Claire Marshall

How to Empower Your Employees in 2019

Employee empowerment is the focus of many employers in this present day. The reality is that although you may hire competent and qualified professionals, you still need to invest in building them up...

News Company - avatar News Company

The role of containerization in international business

Containerization is the most significant innovation affecting the development of logistics in the second half of the twentieth century. In the 1950s, before the development of containerization, load...

Essay Shark - avatar Essay Shark

How Employee Performance Evaluation Tool Affects a Business Growth

In today's growing business realm where rivalry continues to get rougher, the prominence is on how significant to get and preserve the right people to do the accurate job. Employee Performance Evalu...

News Company - avatar News Company

5 Trending B2B Connection Maintenance Hacks

You need to learn how to manage B2B relationships if you want your company to grow, but that can be difficult if you are not trained in the subtle art of managing B2B relations. There are five things ...

News Company - avatar News Company

Politics

Central and North Queenslanders overwhelmingly back coal sector

More than 80 per cent of young people in Central and North Queensland believe the coal sector and the jobs it creates are critical to the state’s economy, particularly regional Queensland.   Mi...

Senator Canavan - avatar Senator Canavan

AWU National Secretary Daniel Walton on steel industry

Ambitious expansion plans make mockery of those who wrote off Australian steel industry GFG Alliance's planned rejuvenation of the Whyalla steelworks, and the Australian steel industry more generall...

Media Release - avatar Media Release

George Neophytou supports roads funding and more

Independent candidate for Gippsland East George Neophytou has pledged to support completion of duplication of the Princes Highway between Traralgon and Sale and to upgrading of the Sale alternative ...

George Neophytou Media Release - avatar George Neophytou Media Release

Travel

Road Trip On Your Mind? Keep These Aspects In Mind As Well

Take a Road Trip! The great road trip. Movies are made of this type of freedom. The roads are calling and you are feeling the need for a road trip. Join millions of other people who enjoy the great o...

News Company - avatar News Company

Best Short Term Accommodation in Brisbane

Brisbane, the capital city of Queensland in Australia is known for its museum and Science center. With a lot of creative spaces and gardens on the riverside, it is a magnificent and popular destinat...

News Company - avatar News Company

Best Short-term Accommodations in Sydney

If you are looking to spend a night or two in the sprawling city of Sydney, you might be in need of a lodging place or hotel to stay. We would like to give you here a list of the best short term acc...

News Company - avatar News Company