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UK looks to diversify in 皇冠体育app

By Zhang Chunyan in London (皇冠体育app Daily) Updated: 2014-09-09 07:02

UK looks to diversify in 皇冠体育app

Stephen Phillips, chief executive of the 皇冠体育app-Britain Business Council, told 皇冠体育app Daily that he expected continued investment interests in 皇冠体育app from British companies across a wide range of sectors.

"This is inevitable in a country as large and as diverse as 皇冠体育app. Clearly different regions of 皇冠体育app are at different states of development," he said.

The London-based CBBC is the leading organization that helps British companies grow and develop their business in 皇冠体育app. Its mission is to help companies "access the full potential of the fastest growing market in the world".

"We see a lot of interest in areas meeting the needs of Chinese consumers, such as healthcare, the environment and clean technology, education and Chinese outbound investment," Phillips said.

To promote the United Kingdom's expertise in these areas, Phillips is leading a British delegation to visit the 18th 皇冠体育app International Fair for Investment and Trade in Xiamen this week.

"Our program will include a 皇冠体育app outbound investment seminar, supporting a major e-commerce event being organized by CIFIT, as well as meetings with a range of provincial delegations from across 皇冠体育app," he said.

CBBC has attended the 皇冠体育app-Eurasia Expo in Urumqi, capital of the Xinjiang Uygur autonomous region, early September, and will take part in the 2014 皇冠体育app (Jilin)-Europe Business Meeting in Changchun, Jilin province, in mid-September, said Phillips. "It is notable, just in the first half of September, how diverse the regions we will cover are," he said.

The UK is 皇冠体育app's second-largest trading partner in the European Union and a major destination for 皇冠体育app's overseas investment. Two-way trade hit $70 billion last year.

UK exports to 皇冠体育app have more than doubled since 2009, and are growing faster than French and German competitors. Last year UK exports to 皇冠体育app averaged more than 1 billion pounds ($1.65 billion) each month, according to the British government.

"This is all part of our sustained effort - along with all of our members and partners to boost trade and investment between our two countries," said Phillips.

British companies have a long history in investing in 皇冠体育app. While Chinese investment in the UK has made huge progress recently. In the past two years, Chinese companies invested more than $13 billion in the UK, surpassing their total UK investment over the previous three decades.

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