With China moving towards a consumption-led economy and investing in infrastructure, education and technology, UK companies are seeking to do business in the country.
More than ever, Chinese companies are seeking to embrace global opportunities. Firms are heading west to increase their competitiveness by gaining access to world-class technology, recognised overseas brands and asset-driven businesses.
Whether you're looking to export, invest or do business with China, or you're a Chinese company aiming to invest or establish itself in the UK [ 924 kb ] (PDF in Mandarin) or Europe, our China Britain Services Group can help. We have the international capability, cultural understanding and commitment to unlock your business potential wherever you want to do business.
Our research reveals that mid-sized businesses in the UK have been less focused on expanding internationally than their European counterparts, with just one in five expecting to do so. And companies that do plan to expand tend to target established markets such as the USA and Western Europe, rather than higher-growth markets like China.
By 2021, China’s economy is expected to surpass the US economy, with average annual income reaching $15,000 per head. If the UK could increase its share of China’s imports from 1.1% to just 2%, it is estimated that the national trade deficit would disappear.
Historically, companies have seen China as a challenging market. Common issues include rising labour costs and turnover in key people, increasing local competition, complex interpretations of local rules and regulations, cash extraction, government intervention, and cultural and language barriers. But with these challenges comes huge opportunity.
Our Tou Ying Tracker 2021 highlights the latest trends in Chinese investment in the UK.
