Xinhua London, 7 Nov: doing business in the United Kingdom Embassy Office Minister Counsellor week Bob recently said that China's reform and opening up, the rapid development-British economic and trade exchanges, trade in goods by 1980 7.6 billion to 2009 391.5 billion, an increase of 29 years 50 times. -British economic and trade cooperation has entered into an all-dimensional, multidimensional, wide areas of the development phase.
Week Bob said that since the beginning of this year, trade in goods between the United Kingdom has exceeded the level before the economic crisis. According to Chinese statistics, January-September, the British and Chinese goods trade 357.5 billion, an increase of 29.4% over the same period in the record. At the same time, Chinese enterprises into the UK enthusiasm at an all-time high, large-scale investment projects.
Currently, the United Kingdom has become China's within the EU is second only to Germany, the Netherlands's third largest trading partner and China is the United Kingdom in the EU is second only to the United States ' second largest trading partner. At the same time, the United Kingdom has been instrumental in maintaining the EU's most significant investment country status, as of the end of July 2010, United Kingdom a cumulative actual investment 167.5 billion. United Kingdom within the EU is China's second largest investment destination, as at the end of 2009, China United Kingdom non-financial direct investment exceeded $ 1 billion, Bank, insurance, trade, transport, telecommunications, media, tourism and automotive manufacturing, and other areas of many Chinese enterprises are in a short time.
Week Bob believes that future-British economic and trade cooperation trends will present the following characteristics:
First of all, the scale of bilateral trade is expected to a new level. In 2008, the UK Government leaders together to establish the 2010 $ 60 billion in bilateral trade. From the development point of view, this objective is achieved. The next five years, the British and the bilateral trade is expected to exceed $ 100 billion mark.
Second, the investment into the fast lane. The next few years, China into the UK is expected to be a breakthrough, more and more Chinese companies set up business in the future UK, merger, shares of British companies on the London Stock Exchange. At the same time, the United Kingdom will increasingly become the Chinese enterprises to enter the European and world market springboard in Britain to set up regional headquarters of Chinese enterprises will increase substantially. On the other hand, the United Kingdom the enterprise's investment in China by the Chinese warm increase, motivated by the prospect, large enterprises have been expanding investment in China, small and medium sized enterprises are also encouraged to China in a big market ambitions.
Third, both technical and service trade potential will be gradually released. United Kingdom is second only to the United States of the world's second largest trade in services, both in financial, creativity, education, information and other cooperation potential is huge. United Kingdom in aircraft engine, information technology, bio-science, renewable energy and other fields. However, at present, the United Kingdom's output in EU Member States in occupies the fifth place. Such as Europe and the liberalization of China high technology export restrictions, the United Kingdom as the Chinese enterprises one of the major technology source will further release of potential.
Fourth, the low-carbon and the green economy is expected to become the British and the growth of trade and economic cooperation. Currently, the two sides in carbon capture and storage, clean energy and sustainable urban development, and other areas of cooperation have made a good start. The British may complement the technical, financial and demand factors better integration, achieving low-carbon and green technology industrialization and commercialization of the two countries in areas of low-carbon economy is doing, doing great.
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