Facebook Twitter 新浪微博 google plus Instagram YouTube Thursday 22 October 2015
Search
Archive
English
English>>

China-UK bilateral investment shows constant growth momentum

(Xinhua)    13:16, October 22, 2015
Email|Print

BEIJING, Oct. 22 -- China-UK bilateral investment is expected to reach new heights with President Xi Jinping's state visit. CCTV reporter Hou Yun has been looking into the potential.

She's checked out Price-water-house-Coopers China, one of the organizers of a business matching forum held in China and the UK, as well as economic experts.

Preparations are underway for a major gathering for CEOs from China and the UK.

The China-UK CEO Dialogue is slated to open in Beijing in November. It will bring together entrepreneurs for cooperation in various ways, including investment.

PricewaterhouseCoopers, or PwC is one of the organizers. It says the closed-door business matching platform has been productive since it was first held two years ago.

"Over the past two years, four events have taken place in both Beijing and London. CEOs and senior management from 35 British companies have met counterparts from more than 100 Chinese companies during 120 meetings. These meetings have led to numerous business opportunities," said Kevin Wang, tax partner, PWC China.

It's just one example of the vibrant bilateral investment.

At a media briefing ahead of President Xi Jinping's UK visit, Vice Foreign Minister Wang Chao pointed out the upward momentum in trade and investment between China and the UK.

"In the first half of 2015, China-UK trade volume reached 36.7 billion US dollars. The UK has become the second largest investor in China and second largest trading partner of China in the EU, as well as China's biggest investment destination in the EU," he said.

Key to the booming two-way investment is the friendly environment.

"Comparing to other investment destination, I think UK is very friendly to Chinese investors," Kevin Wang said.

Experts identify energy, financial services, real estate, infrastructure and education as areas with big potential.

"Comparing to Sino-British trade, which takes up 4.6% of the whole amount of China's foreign trade, the investment, the ODI from China to England and FDI from England to China take up all-together less than 2 percent. So I think the growth will be of great potential," said Wang Jianhui, deputy GM, R&D Dept., Capital Securities.

Both China and the UK have stated on many occasions that President Xi Jinping's visit to the UK will open up a "golden decade" for bilateral relationships. The two countries are aiming for new heights in terms of investment cooperation, and this will set a good example for other European countries on developing economic ties with China. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Liang Jun,Bianji)

Add your comment

Full coverage

We Recommend

Most Viewed

Day|Week

Key Words