In May 2017, Chinese President Xi Jinping announced at the Belt and Road Forum for International Cooperation that China would host the China International Import Expo (CIIE) starting from 2018.
It was a significant move for the Chinese government to host the CIIE thereby providing strong support to trade liberalisation and economic globalisation and opening the Chinese market to the world.
The Chinese government sincerely welcomed government officials, business communities, exhibitors and professional purchasers across the world to participate in the CIIE and to explore the Chinese market.
Enterprises from over 100 countries participated in the first CIIE. Chinese counterparts organised a number of events to promote co-operation such as matchmaking meetings, seminars and product releases.
Linearis Translations also took part in the CIIE, actively promoting translation services in European and Asian languages, as well as different business consulting opportunities. China Country Manager Lauma Ēdelmane states that this expo was a great opportunity to meet domestic and foreign professional purchasers and to establish successful co-operation. “A key to success in China is to build strong personal relationships with Chinese customers. Therefore, when considering to enter the market of China, you have to meet the potential clients in person,” Lauma explains.
Linearis Translations representative met the Ambassador of the Republic of Latvia to China, Mr Māris Selga, and LIAA representative in China, Ms Agnese Stūrmane who is promoting tourism and business development by facilitating Chinese investment to Latvia. Through the support of the Embassy of Latvia in China and LIAA, the team of Linearis Translations is seeking to develop business opportunities between Latvia and China and to strengthen links between both countries.
On 13 April, China Council for the Promotion of International Trade held an annual Belt and Road Initiative matchmaking as part of the 14th PEEC International Trade and Investment Fair, bringing together representatives from Belt & Road Initiative countries and different Tianjin businesses to promote trade and investment opportunities.
The representative of the Investment and Development Agency of Latvia (LIAA) in China Ingus Rozenblats jointly with Linearis Translations representatives from Latvia – Andris Pētersons and Ēriks Bunclers, as well as Linearis Translations China Country Manager Lauma Ēdelmane, took part in the conference and the relevant matchmaking activities, establishing new contacts between Latvian and Chinese enterprises, as well as fostering intercultural friendship.
As the Belt & Road Initiative has become a pillar of China’s new global economic strategy, a key question for many Chinese enterprises is how to expand their international development and Go Global. There are many opportunities within the quickly growing markets of a number of countries along the Initiative. Therefore LIAA is working on promoting the business development by facilitating more Chinese investment, in parallel increasing the competitiveness of Latvian entrepreneurs in both domestic and foreign markets. The main priorities of LIAA are to increase the competitiveness of entrepreneurs and promote further foreign investment into Latvia.
Due to China’s rising GDP and economic growth, as well as its influential role in development and the global economy, an increasing number of companies are realizing the potential for growth in this profitable market. However, the language barriers present substantial problems to their expansion.
Agnese Sturmane, the former representative of Linearis Translations in China, introduces “Six Steps for Not Getting Lost in Translation” at the webinar organized by EU SME Centre. The webinar discusses the following topics:
- Understanding Chinese.
- Do I need a Chinese name?
- Trademark and company name in Chinese.
- Do I need an interpreter?
- Translation vs. localization.
Agnese explains the importance of using professional translation services to achieve the highest efficiency in entering the China Market.
The webinar can be found:
This webinar is one of the free-of-charge training materials provided by the EU SME Centre. The EU SME Centre is a project funded by the European Union that was launched in 2010 to help European micro, small and medium-sized enterprises (SMEs) prepare for doing business in China.
SMEs account for 99.7% of all businesses in the EU and are acknowledged as a key source of growth, entrepreneurship, innovation, competitiveness and employment. Through their member networks and understanding of the local market, the implementing partners bring the Centre’s complementary services to a larger number of European SMEs across Europe and China.
Having a great experience in China Market, Linearis Translations provides high quality translation, interpreting and localization services. Over the years, Linearis Translations has accumulated knowledge and professionalism, ensuring that our clients are provided only with services of the highest standards.
The 6th Meeting of Heads of Government of CEEC and China (the “16+1 Summit”) was held in Budapest, Hungary on 27 November 2017. 16+1 Summit and related side events provide an important platform for discussion and debate between high level politicians, diplomats and experts from the Central Eastern European Countries (CEEC) and China.
In order to promote the development of China-CEEC investment and trade and create a platform for cooperation and exchanges between enterprises, the Bank of China co-hosted China-CEEC SMEs Matchmaking Event as a Sub-Forum for the 7th China-CEEC Economic and Trade Forum during Summit. Since Linearis Translations and Linearis IBC are actively involved in enhancing the trade and business collaboration between the regions, both companies took part in the 16+1 Summit and the matchmaking event.
During the Matchmaking Event 183 on-site negotiations took place and 63 enterprises signed contracts on future cooperation. Among others, Linearis also signed an agreement with Shanxi Saro Trading Co. Ltd. on future cooperation. This was the first time a SMEs Cross-border matchmaking event was featured as a Sub-Forum during the Meeting of head of Government.
In addition to matchmaking event, it was also a chance for Latvian politicians to connect with entrepreneurs that work closely with China market and promote bilateral trade. Prime Minister of Latvia Māris Kučinskis with the Minister for Transport Uldis Augulis spent an evening talking with entrepreneurs to gain better understanding their needs and concerns. Thanks to One Belt One Road initiative, we hope to see increased trade and investment flow between China and CEE region in the upcoming years.
K. Barona iela 59/61, Riga,
Phone: +371 67277260
Fax: +371 66104015
GSM: +371 27733444
E-mail for translations: email@example.com
E-mail for general matters: firstname.lastname@example.org
LINEARIS TRANSLATIONS UAB
Ukmergės g. 369A, Vilnius
Tel. Nr. +370 52507327
GSM: +370 67441478
LINEARIS TRANSLATIONS OÜ
Endla 4-415, Tallinn,
GSM: +372 56299646
LINEARIS TRANSLATIONS BEIJING Ltd.
Office 1202, Hong Tian Business
Center, Dongzhimenwaixiejie 42,
Dongcheng, Beijing, PRC, 100027
GSM: +86 1551075 2464 (EN, CN, DE, LV)