China Has Become The UK's Largest Source Of Imports For The Fourth Consecutiv...1


From January to June 2020, China's direct investment in the UK was US$426 million, a year-on-year increase of 78%. The UK has become China's second largest investment destination in Europe. The investment field extends from traditional industries to new areas such as high-end manufacturing, information technology, and cultural creativity, which fully reflects the huge potential for economic and trade cooperation between the two countries.

The analysis believes that due to the repeated epidemics, the economic recovery of EU countries has been slow, and the uncertainty brought about by Britain’s “Brexit” has also led to a significant contraction of trade between Britain and Europe. In the "post-Brexit era" and "post-epidemic era", China-UK cooperation still has great potential. Wu Qiaowen, the British government's trade commissioner for China, pointed out that both Britain and China have advanced technology and experience in artificial intelligence, new energy and other fields, and they can learn from and cooperate with each other.

"The way out for Britain-China relations is cooperation rather than confrontation." Stephen Perry, chairman of the 48 British Group Club, said that the British business community hopes to strengthen trade with China. British companies face rare opportunities in areas such as the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, health care, and climate change. Britain and China can fully utilize their respective advantages to achieve closer cooperation.

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