Chinese retailer Bosideng wins UK business award

The British Business Awards are organized by the British Chamber of Commerce in China to recognize and promote the British business community based in China. Established in 2008, the awards are held every two years.

This year, Chinese Investor of the Year was awarded to two companies, Bosideng and Chongqing Machinery & Electric Co Ltd.

Chongqing Machinery & Electric Co is focused on becoming a major international manufacturer and technology supplier. The company is investing in businesses globally to increase research and development capabilities and product development, especially in the UK "where innovation is clearly a strength", said Liao Shaohua, its director and vice-president.

CME acquired Precision Technologies Group in 2010. PTG's principal activities are design, development, manufacturing and commissioning of special purpose, high precision, advanced machine tools and production systems.

Since its acquisition, CME has invested heavily in the growth of PTG. "The UK managers bring to us a wealth of experience of international business and product strategy implementation," said Liao.

"In return, we are investing in manufacturing capacity, staff, facilities and R&D for the long term success of our UK business."

zhangchunyan@chinadaily.com.cn