UK welcomes Chinese investors
By Wang Yanlin |
November 5, 2011, Saturday
|
Print Edition
Print Edition
BRITAIN expects to double trade with China to US$100 billion by 2015 with next year's Olympic Games in London as a catalyst.
In addition, Chinese investment is welcomed and there are virtually no obstacles to foreign investment, Susan Haird, vice chief executive of UK Trade & Investment, said yesterday in Shanghai.
UKTI is a British government body that helps UK businesses exploit international markets.
Haird said: "We hope the magic Olympic Games can help bring out the best of the UK and showcase our strength to the rest of the world. We are seeking more bilateral trade and investment with China."
She said there are no restrictions on Chinese investment in the UK, and encouraged those frustrated elsewhere in the world to turn to Britain.
More than 420 Chinese companies have established a presence in the UK, including Huawei Technology, ZTE, China Central Television and Alibaba.
The UK attracted 51 investment projects from China last year and this year has so far secured another 40, 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.
In addition, Chinese investment is welcomed and there are virtually no obstacles to foreign investment, Susan Haird, vice chief executive of UK Trade & Investment, said yesterday in Shanghai.
UKTI is a British government body that helps UK businesses exploit international markets.
Haird said: "We hope the magic Olympic Games can help bring out the best of the UK and showcase our strength to the rest of the world. We are seeking more bilateral trade and investment with China."
She said there are no restrictions on Chinese investment in the UK, and encouraged those frustrated elsewhere in the world to turn to Britain.
More than 420 Chinese companies have established a presence in the UK, including Huawei Technology, ZTE, China Central Television and Alibaba.
The UK attracted 51 investment projects from China last year and this year has so far secured another 40, 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.
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