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UK firms have a new road in China with the creation of a Fund for the return of promising Chinese companies who may operate the Western technology.

Andrew and Robert Rickman, the founders of Weston technologies, have doubled their Rockley China Fund to $200 m (￡ 128 m) with the support of Shanxi small and medium-sized enterprises Investment Corporation, a technology which is owned by the province of Shanxi venture capital fund.

Called Rockley of troops of Shanxi province, the Fund will invest in fast growth companies that could become more efficient by using the latest technologies, the line of production and analysis by the management of waste and energy efficiency.

Shanxi province has a GDP of $rise and China leads in mining area 25pc of its coal and 40pc of its coke production. The Fund relies on a similar fund established by Rockley year last for another province, Shandong.

Andrew Rickman said your company: "we work together with companies that we like and can see potential." This potential is a dramatic increase in efficiency by providing technological solutions.

"Do not take the Western technology and it force the gorge of Chinese companies." It gives them the opportunity to work on what they want to be more effective. "Mr. Rickman, leading technology Weston to become worldwide number two in the optical components before it acquired, said that he had visited hundreds of Chinese companies and seen the effects of rapid growth in management decisions.

"Short-term Chinese investment leads to the destruction full profitability unless you"

"a very differentiated business", he said. "Chinese industry grew so rapidly, but it is not benefited from the flow of perfect information." "Through these plants you can quickly work where problems occur and how they can be solved.

He said the combination of capabilities of unused production efficiencies, a fast-growing, one trade within three to five years, sales made venture investing in attractive China. He stated has no shortage of money: there are a large amount of venture capital and private investment capital and money with organizations belonging to the State."

A portfolio Rockley Ventures Fund, biological products company focused on the Oxford Green and rose on its own in China. Vince Cable company Secretary has recently signed the official agreement for the construction of a second biochemical factory in China using biobutanol society technology.

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A former senior counsel to the pensions regulator said Daily Telegraph that "there are many who promises of Government should be guarantees of Crown [pension] plan."

Clive Pugh, formerly trustee Manager services to the pensions regulator and now a partner to practice law, Burges salmon said he expected a "flood" requests for recognition of the protection of other government companies formerly belonging to the State.

"With this decision of the High Court maintenance Crown guarantee to BT Thursday] and many other potential Crown ensures clear, it seems that Government is now subject to billion pounds of potential responsibilities as it tries to reduce its deficit", he added.

Mr. said Pugh privatised companies were closely monitor battle of BT with Government guarantee, the guarantee which will force the State to cover deficits of pension in the event of insolvency.

He added that they are likely to make similar claims if the telecommunications group emerges victorious calling expected. " "I would be very surprised if he did not follow trial", said Mr. Pugh.

This means that the taxpayer could, in theory, be forced to pay up to ￡ rise to cover pension liabilities in the unlikely event that many companies give guarantees do bankruptcy.

The decision of the High Court of BT Crown guarantee means that the taxpayer must provide almost all the members of 344,000 BT.Un payment pension plan pension in the event where BT goes bankrupt could be as much as 22 ￡ 8bn.

However, Mr. Pugh has warned that privatized companies are unlikely to have as hard a case for the protection of the State as BT.It is understood BT case suspended on the interpretation of the two sentences among train legal documents written when BT was privatised in 1984.

It is difficult to discover what enterprises have a strong case that the information is not readily available to the Trustees of pension plans.However, John Ralfe, an independent pensions, expert says it is believed that railway employees in the railway industry, UK coal and Trinity House, which runs the United Kingdom lighthouses regime pensions have best cases for other réclamations.Les mentioned include British Gas and National Grid.

A spokesman for pensions regulator confirms some other companies are guaranteed by the Crown, but refused to name them.

ROS Altmann, a pension consultant former Government stated that the taxpayer could leave with a "terrible burden".

"If BT wins [the projected call], other companies could certainly challenge their case before the courts," she says. "It could all get pretty messy.

"This could be a huge blow for the contribuable.Nous save ￡ emissions annually on the State, but at the same time the State pension may be made responsible for billions [of the private sector pension] .the poor taxpayer is suffering from the inability to politicians and policy makers to understand the financial realities long-term pensions."

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