Czechs seek larger part of Chinese market

Czech companies may not be as widely known as rivals in Western or Northern Europe. Kysilka still thinks they have advantages to attract Chinese investors.

Almost 80 percent of the Czech economy is created by exports. Companies are disciplined to price and quality. The automotive, aviation, and agriculture equipment industries are the most competitive.

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Some Czech exporters have penetrated Europe, Latin and North America. India too. None yet is seeking partners in China. Kysilka said he contacted several potential partners as part of his trip.

The Czech Savings Bank plans no operations in China, Kysilka said. It seeks partners to support business opportunities between the two countries. Some cooperation was talked of with the China Banking Regulatory Commission, the Bank of China Ltd, the Agricultural Bank of China Ltd, Minsheng Banking Corp Ltd and the Shanghai Stock Exchange.

Deals are expected to be announced when Czech President Zeman visits.

The goal is to provide the advice, opportunity, financial products and services to enable exports, imports and investments, he said. Mergers, acquisitions and joint ventures are possible, he said, as is cooperation in other countries.

The Chinese market is enormous and dynamically developed. For Czech exporters and producers it can be an excellent opportunity to direct production eastwards and find partners.

This year sees the 65th anniversary of the Czech-China relationship. Czechoslovakia, predecessor to the now separate Czech and Slovakian states, was among the first to acknowledge the establishment of the People's Republic of China in 1949.

"During the last decades we both had successes and pains," Kysilka said. "We are running similar attempts regarding the direction of how to develop society. So definitely there is enormous room for cooperation."

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