Sound ties to propel UK-China exchanges
Print Edition
China and the UK can expect to see bilateral investment and cultural exchange increase as leaders of the two countries nurture a sound relationship, the UK head of Ernst & Young said.
“The business delegation and the deals that have been made here are far more greater than any business trip I’ve accompanied our prime minister in other countries,” Steve Varley, chairman and regional managing partner of E&Y UK and Ireland, told Shanghai Daily in an exclusive interview yesterday.
“I think the prime minister is very positive that the two countries will build an even tighter relationship together.”
Varley is a member of the 127 strong business delegation accompanying UK Prime Minister David Cameron in his meeting with Premier Li Keqiang on Monday. The team also met with Chinese business leaders at a forum in Shanghai yesterday.
He said the two countries have a similar mindset on bilateral trade and investment.
Chinese companies will find great investment opportunities in UK high speed railway, nuclear facilities, real estate, and engineering sectors, Varley said.
China’s sovereign fund holds shares in Thames Water, Heathrow and Manchester airports. Other recent investments included China Ping An Insurance Co buying the landmark Lloyd’s Building in London and property developer Wanda acquiring luxury yacht brand Sunseeker.
Varley also spoke of Chinese and UK companies cooperating in markets in Africa and the US.
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