The latest research report on 'Opportunities for UK Businesses in China's regional cities' shows that there is a wealth of opportunities across a broad number of sectors - and UK companies need to look beyond the traditional business centres in China.
The original report, published in September 2008, received positive feedback from both British and Chinese businesses and was also welcomed by the Chinese Government. The report focused attention on the market expansion and development of China’s Regional Cities and the relevance of this to British businesses.
However, in the last three years there have been several major economic and political developments which have impacted British business and their internationalisation prospects. The global financial crisis and UK recession which began in 2008 have changed the international economic landscape. China was not immune to this and the country launched its own financial stimulus package of US$400bn in late 2008. As a consequence of the global economic challenges, annual inward foreign direct investment shrunk by a third in 2008, but has recovered since. The positive development is reflected by the Chinese economy being valued at US$5.8 trillion in 2010, overtaking Japan to become the second-largest economy behind the USA.
The new report presents the findings of research conducted in 2011 by the China-Britain Business Council (CBBC) and the Centre for International Business at the University of Leeds (CIBUL) for and on behalf of UKTI. The report takes into account the major economic and political developments that have taken place over the past three years and impacted British businesses and their internationalisation prospects.
For further information and to download a copy of the new report, please go to: www.cbbc.org/guide/chinese_regional_cities/chinese_regional_cities