FIRST Pacific Davies has deferred a decision on a strategic partner in China because it cannot find an appropriate one. Derek Murphy, group vice-president of First Pacific Co, which owns the property management company, said the firm had not yet found a partner with which it would feel comfortable establishing a strategic alliance with in China. 'It's not easy to do business in China,' he said. 'We would like to do business in China but we have not found the right partner. 'The decision has been deferred indefinitely.' Spelled out as one of the goals for last year, the company's 1993 annual report said it wanted to 'expand First Pacific Davies' property and facilities management business, particularly in China, and seek a strategic mainland partner as a possible shareholder in order to open up additional business opportunities in the country'. Mr Murphy said First Pacific Davies would continue to do good business in China, taking care of other people's property while at the same time looking for opportunities elsewhere in Asia. Earlier this year, the company signed a deal for a 1.6 million square foot commercial development in Shenzhen. Finding a strategic partner was one of the eight goals that the company set itself last year. Other failed goals included a plan to set up a telecommunications operation in China. In last year's annual report, released yesterday, managing director Manuel Pangilinan said: 'Whilst we established First Pacific China and made our first direct investment in China in the area of manufacturing, we have not been able, so far, to build a telecommunications operation in that country apart from Pacific Link's 'roaming' agreements for its cellular service in a number of localities.'