Daily Bulletin

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

Ways to Take Control Over Your Startup's Public Image

The way in which others see your business only seems like something that you have no control over. After all, it’s their own subjective matter, right? Well, the concept of branding represents a sc...

Diana Smith - avatar Diana Smith

How Digital Futures Platforms are Changing it All

Some people still remember the days when you had to be in one of the world’s centers of finance in order to be able to trade with futures. Technology has developed a lot since then and trading wit...

Diana Smith - avatar Diana Smith

Your Ultimate Guide on Making an Office Cleaning Checklist

A cleaning list is simply a list that guides cleaners on what should be done. Several factors determine the type of cleaning list for your business premises.  The cleaning checklist usually provided ...

Clean Group - avatar Clean Group

How To Make Your Office A Productive Space All Year Around

An office needs to function at all times. Day in, day out, your office is the centre of all you do, where your employees come to do their job as best they can. It makes sense, then, to create a pr...

News Company - avatar News Company

Do You Need a Handyman or Professional Service Contractors?

No matter how well-built and well-maintained your home or office is, things will eventually start to break down and deteriorate. Toilets leak, roofs get holes in them, and appliances may start mal...

News Company - avatar News Company

Why You Should Outsource Your Debt Collection in 2019

Debt collection is an essential part of the overall operations of any business. More often than not, businesses consistently encounter overdue accounts that they are not able to handle which is wh...

News Company - avatar News Company


The Conversation

Politics

Backing Australian business, jobs for the US Moon to Mars Mission

The Morrison Government is positioning Australia for lift-off with a $150 million investment into our local businesses and new technologies that will support NASA on its inspirational campaign to re...

Scott Morrison - avatar Scott Morrison

Prime Minister - Ceremonial Welcome, White House - Washington DC

As I just said to the President, thanks mate.   Mr President, Mrs Trump, honoured guests, distinguished guests,, friends one and all, here in this land of liberty. Thank you Mr President and Mrs T...

Scott Morrison - avatar Scott Morrison

Prime Minister interview with Deb Knight

WEDNESDAY 18 SEPTEMBER 2019   DEB KNIGHT: Prime Minister Scott Morrison has launched a 12 month inquiry. He joins us now from Canberra. Scott Morrison, Good morning to you.   PRIME MINISTER: ...

Scott Morrison - avatar Scott Morrison

Travel

Essential Tips When Planning a Trip in the USA

Everyone has their dream destination. It could be a memorable place because of their parents, a destination to be ticked off in the bucket list or a place to find yourself. If your dream destination...

News Company - avatar News Company

Travelling Tips and your Roots: Who’s Looking out for Home?

If you lead a life of travel, chances are you know that not everyone gets the same kick out of living as a nomad. Today we focus on those ‘left behind’ – how do you nurture the valuable people in yo...

News Company - avatar News Company

TOURISM NT LAUNCHES NEW BRAND

New tagline revealed, new campaign set to launch ‘Different in every sense’ will replace Tourism NT’s ‘Do the NT’ tagline from today as part of a new brand positioning aimed at attracting more vi...

Matthew Ongarello - avatar Matthew Ongarello

ShowPo