Promoting Good Governance and Supporting Innovation

China Reform Forum UK study visit: innovation, governance, free trade and the TTIP

3rd–4th July 2014

GBCC organised and hosted a visit by a delegation of six senior researchers from the Communist Party of China’s China Reform Forum in July 2014. The delegation were visiting the UK to learn more about UK approaches to supporting innovation, promoting good governance, and current issues around free trade and the Transatlantic Trade and Investment Partnership (TTIP).

The delegation paid a courtesy call on Lord Howe, GBCC President at the House of Lords during which they discussed the improving atmosphere of UK China relations.

Lord Howe with Leng Rong (China Reform Forum)

GBCC President, Lord Howe and China Reform Forum Senior Advisor Leng Rong inside the House of Lords

During their meeting with NESTA, the delegation heard how Nesta’s work supports innovation in all sectors across the economy. Discussion focused on the key findings from the Nesta report China’s Absorptive State, namely that the UK should develop a new five-year strategy for China-UK collaboration in research and innovation; the UK should develop more sophisticated methods and metrics for identifying China-UK innovation opportunities and evaluating impact; the China-UK innovation policy dialogue should be expanded; the UK’s presence and capacity in China should be further boosted to coordinate innovation diplomacy and collaboration for greatest economic and social impact.

At the European Council on Foreign Relations (ECFR), the delegation discussed the complexities around UK-China relations arising from trade agreements, the challenges that will arise from the internationalization of the RMB, the importance of improving regulatory standards in China, and the challenges that UK companies face to negotiate Chinese red tape in order to be eligible for public procurement contracts.

The delegation was impressed by Level39, Europe’s largest technology accelerator space for finance, retail and future cities technology companies. They were briefed by the founder and CEO of Level39, and saw first-hand how Level39 works: how its members connect with experienced entrepreneurs, technology investors and industry experts in order to accelerate their traction and access to markets; how early-stage businesses that have potential for high-growth are supported. Members are looking to create, test, market and deliver scalable world-class financial, retail and future cities technology products and services. During their meeting with Nesta, the delegation heard how Nesta’s work supports innovation in all sectors across the economy. Discussion focused on the key findings from the Nesta report China’s Absorptive State, namely that the UK should develop a new five-year strategy for China-UK collaboration in research and innovation; the UK should develop more sophisticated methods and metrics for identifying China-UK innovation opportunities and evaluating impact; the China-UK innovation policy dialogue should be expanded; the UK’s presence and capacity in China should be further boosted to coordinate innovation diplomacy and collaboration for greatest economic and social impact.

Date posted: 18 September 2014

Categories: Political Dialogues


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