IF you’ve got a company that does business with China, don’t be put off by the Stock Market crash in Beijing – that’s the message from Somerset Chamber of Commerce chief executive Neil Murphy.

Mr Murphy said it is far too early to call the economic volatility in China a crisis and anyway it’s unlikely to have dramatic long-term implications for Somerset firms.

He added: “The Chinese market, amongst others, represents a substantial growth opportunity for local companies.

“There has been interest shown by local manufacturers in exporting what is seen by the Chinese as premium brands, and many local businesses have established contracts with Chinese companies.

“However, the overall impact on the Somerset economy resulting from any downturn in the Chinese demand will be marginal, as this destination represents a relatively small proportion of Somerset’s exports.

“The potential of China as an export destination for Somerset businesses is enormous.

“Any impact on the pace at which these opportunities could develop will clearly be a setback to the export strategy of those businesses focusing on China, but it will not eliminate the opportunities altogether and some perspective on the recent news has to be taken into account.

“China is still expecting growth in the region of 7% this year, which is a figure that most developed markets would be delighted with.”

Mr Murphy said it was impossible to tell at this stage if the “current hiatus” would have a knock-on effect on the global economy or whether it was a case of the market naturally correcting itself.

Somerset Chamber works closely with UK Trade and Investment to provide international trade support and services for businesses in the county.

It also has close links with the China-Britain Business Council and the Chinese Embassy.

Somerset businesses wishing to get further advice on doing business with China – or with any other international markets – should contact the Chamber on 01823-444924 or e-mail export@somerset-chamber.co.uk