China Direct

CBI makes the case for British Business in China

 

CBI MAKES THE CASE FOR BRITISH BUSINESS IN CHINA

The CBI’s Director-General is visiting China this week on a trade visit with the Prime Minister, the Rt. Hon. Theresa May.

Carolyn Fairbairn, CBI Director-General, said:

“The Sino-British relationship is a tremendous success story. From services to schools, and iPhones to tea, our countries have a special and integral place in each other’s lives.

“British businesses are keen to play their part in further deepening and engraining the economic ties between China and the United Kingdom. With the consumer market alone worth over £3.3 trillion, this relationship creates thousands of jobs in the UK and China, raising living standards and boosting productivity.

“As the UK forges a new global trading future, it is well ahead of the curve in making the most of its relationship with the world’s fastest growing economy. By making inroads into China’s lesser economically known regions, the UK stands to profit from China’s move from manufacturing and infrastructure into technology and services, writing a new chapter in the golden era of relations.”

30 January 2018

Notes to Editors:

Read the CBI’s latest report on British trade and investment with China, Sterling Assets China.

Across the UK, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors. The CBI’s corporate members together employ nearly 7 million people, about one third of private sector-employees. With offices in the UK as well as representation in Brussels, Washington, Beijing and Delhi, the CBI communicates the British business voice around the world.

Media Contact:

CBI Press Office is available 24 hours a day on 0207 395 8239, or email: [email protected]. Follow the CBI (@CBItweets), Carolyn Fairbairn (CBICarolyn) and CBI China (CBIBEIJING) on Twitter.

China Sterling Assets Report - Chinese Version

Dear CBI Members and Partners,

Kindly find the Chinese version of the CBI's first China Sterling Assets Report attached below for your reference.

Many thanks.

Download CBI China Sterling Assets Report_Chinese

Download CBI China Sterling Assets Report

CBI Sterling Assets Report on China Roadshow

 

  

The inaugural Sterling Assets Report has been on a pan-China Roadshow since its launch on Thursday 02 November in Beijing.

The objective of the Roadshow was to circulate the Report's key findings to the diverse and dynamic UK business network in China and encourage policymakers and local officials to use the Report to promote greater UK-China business investment. 

Additionally the Report was received by business stakeholders the CBBC, British Chambers, Department of International Trade (DIT) and a visiting delegation of the All Party Parliamentary China Group in Guangzhou.

China Direct would like to sincerely thank HM Consuls Cecile Elbeleidi in Chongqing, HM Consul Karen Maddocks in Guangzhou, HM Consul John Edwards in Shanghai and HM Consul Nick Whittingham in Wuhan for their support.

 

    

Please note that China Direct will have the Chinese language version of the Report available for review and download by mid-November.

Kindly find the original Report and Executive Summary attached below for your reference.

Download CBI China Sterling Assets Report

Download Sterling Assets China Executive Summary

Thank you. 

  

UK Company Deloitte opens 16th China office in Harbin, capital city of Heilongjiang province.

[Image courtesy of www.deloitte.com] 

CBI member Deloitte recently announced the opening of its 16th office in China.

Located in Harbin, the capital of Heilongjiang province in northeastern China, the new office will support Deloitte's continued expansion in the country.

Chris Lu, CEO of Deloitte China, said, "We are the first leading professional services firm to establish an office in Harbin. This newest office continues the ongoing expansion of our network in strategic locations across China. We are setting up our 16th office in Harbin, considering the growing demand for professional services in northeastern China.

"Over the years, China has been one of the priority markets for Deloitte globally. This is the second office opening in China for Deloitte in 2011 and the sixth office we have opened since 2008. It reflects our strength and commitment to invest in the China marketplace. China is an important market to Deloitte, evidenced by our total expected investment of $250 million to be made between 2004 and 2012. Deloitte is confident about the future development of China."

James Chen, Managing Partner, Northern Region, Deloitte China, said, "Harbin is one of the dominant business hubs in northeastern China, and many of the companies there are looking both for growth domestically and international expansion. With a population of over 10 million and a GDP growth of 14% in 2010, Harbin is the capital and the largest city of Heilongjiang Province, a major source of oil and minerals for China. The new Harbin office will leverage the firm's global network and international experience to assist the economic and corporate transformation of companies in Harbin and its surrounding regions. It will also support to improve the standards of professional services in Harbin and contribute to the city's eminence building. We hope to build a long-term strategic partnership with Harbin and contribute to the economic development of northeastern China."

As one of the fastest growing member firms of Deloitte's global organisation, Deloitte China is now the fourth largest member firm by headcount, behind only the U.S., the UK, and Canada.

Click here to read the full press release by Deloitte.