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UK rolls out red carpet for Chinese investors
By Wang Yanlin |
November 4, 2011, Friday
|
Online Edition
Online Edition
THE United Kingdom expects to double trade with China to US$100 billion by 2015 with next year's Olympic Games in London to act as the main catalyst for growth.
Also, Chinese investment was warmly welcomed in the country and there existed virtually no obstacles to foreign investment, UK Trade & Investment Deputy Chief Executive Susan Haird said today in Shanghai.
"We hope the magic of the Olympic Games can help bring out the best of the UK and showcase its strength to the rest of the world," Haird said. "We are seeking more bilateral trade and investment with China."
Haird demonstrated there were no restrictions for Chinese investment in the UK, and welcomed those who were frustrated elsewhere to turn to her country.
More than 420 Chinese companies have established a presence in the UK so far, including Huawei Technology Co Ltd, ZTE Corp, China Central Television Station and Alibaba Corp.
The UK managed to attract 51 investment projects from China last year, among the global 859, and this year it has already secured 40 Chinese investment projects so far, Haird said.
"Although the global economic environment is not very favorable, we have managed a strong momentum in attracting foreign investment after a record year in 2010, Haird said, adding that sectors like energy, automotive or the creative industry may be tailored more to the tastes of Chinese investors.
Trade between China and the UK increased 18.3 percent annually to US$42 billion in the first three quarters of this year, according to the National Bureau of Statistics.
Also, Chinese investment was warmly welcomed in the country and there existed virtually no obstacles to foreign investment, UK Trade & Investment Deputy Chief Executive Susan Haird said today in Shanghai.
"We hope the magic of the Olympic Games can help bring out the best of the UK and showcase its strength to the rest of the world," Haird said. "We are seeking more bilateral trade and investment with China."
Haird demonstrated there were no restrictions for Chinese investment in the UK, and welcomed those who were frustrated elsewhere to turn to her country.
More than 420 Chinese companies have established a presence in the UK so far, including Huawei Technology Co Ltd, ZTE Corp, China Central Television Station and Alibaba Corp.
The UK managed to attract 51 investment projects from China last year, among the global 859, and this year it has already secured 40 Chinese investment projects so far, Haird said.
"Although the global economic environment is not very favorable, we have managed a strong momentum in attracting foreign investment after a record year in 2010, Haird said, adding that sectors like energy, automotive or the creative industry may be tailored more to the tastes of Chinese investors.
Trade between China and the UK increased 18.3 percent annually to US$42 billion in the first three quarters of this year, according to the National Bureau of Statistics.
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