China Direct

Honeywell opens new Wuhan HQ & Innovation Centre

CBI member, Honeywell, has opened a new emerging-markets and innovation centre in Wuhan. The new centre is part of Honeywell’s strategy to expand its presence in the fast-growing markets in the central and western regions of China.

Zhang Yufeng, president of Honeywell China said: “Honeywell is willing to expand cooperation with Wuhan, and take advantage of the talent and market advantage of the central and western regions in China, to boost technological innovation and better service within the central and western markets.”

Honeywell’s new centre will cover a wide range of operations, including management, research and development, and sales for the company’s intelligent building technologies, speciality materials and technologies, and other Honeywell business avenues.

Currently, Honeywell has over 50 wholly-owned enterprises and joint ventures in more than 30 cities across China, including 21 plants. Consequently, China is now Honeywell’s second largest country market outside of the United States.

UK-China flying high with new London-Wuhan flight route

The new direct flight between the Central Chinese city of Wuhan and London will support the rapidly growing numbers of Chinese tourists visiting the UK and vice versa.

According to Wuhan's Investment Promotion Bureau there are 310 British enterprises in Wuhan including BP, Standard Chartered Bank and HSBC, which have invested a total investment of $5.25 billion in the city.

For more information please refer to the links below:

Wuhan-London Maiden Flight:

Xinhua net: http://www.xinhuanet.com/local/2018-05/30/c_1122913702.htm

People.com: http://hb.people.com.cn/n2/2018/0531/c194063-31649057.html

https://mp.weixin.qq.com/s/PTiwwX7PTxcaCb802IgRnQ (English)

 

Northern Powerhouse’s visit to Wuhan:

Chinanews.com : http://www.chinanews.com/cj/2018/06-01/8528215.shtml

China daily: http://hb.chinadaily.com.cn/2018-06/01/content_36314421.htm

 

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.

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. 

  

CBI Member Successes in China - Snapshot of Year of the The Horse

 

Dear CBI members and strategic partners,

China Direct would like to share with you a snapshot of CBI members' successes in China through 2014. We hope that you found our new format easy to use, visual and informative and wish you all every success for the forthcoming year of the sheep.

Please do keep sending us your updates and press releases so that your business can also be highlighted in 2015.

Thank you.

Download CBI Beijing, Member Milestones in China, 2014

Foreign Office Minister Hugo Swire opens Wuhan British Consulate

 

U.K. Foreign Office Minister Hugo Swire launched the new British Consulate General in Wuhan, which will open there later this year as part of the U.K. government’s efforts to promote British business in China and to deepen the trading relationship between the two countries.

Speaking after the launch, Mr. Swire said, “I’m delighted to mark the opening of the first new British Consulate in China in 14 years. We have made a concerted effort to increase the number of staff we have in China, to increase the number of Mandarin speakers, and now to expand our network. This is important, long-term planning for the U.K.’s international future.

Wuhan itself currently has over 10,000 construction sites and will be opening a new underground line every year for the next five years. It is vital that Britain gives itself access to the major opportunities that are emerging in these rapidly growing cities and engages with the increasingly influential decision-makers who live within them.”

Please read more here.

GKN breaks ground in Wuhan for new Driveshaft Facility

 

[Image courtesy of www.gkn.com]

In August, CBI member GKN broke ground on Shanghai GKN Driveshaft Co. Ltd. (SDS) Wuhan Plant II, marking another milestone in the strategy of SDS to expand its footprint across China.

Located in the Wuhan Economic and Technical Development Zone, Wuhan Plant II covers approximately 83,333 square metres, with a total investment of RMB 1 billion.

The facility is expected to launch production in June 2013, with an annual capacity of 11 million precision forging parts.

Please click here to read the full press release by GKN.

Book Now - UKTI China Regional Cities Programme Q1 2012

 

[Image courtesy of www.ukti.gov.uk]

Dear CBI members,

You may have read about the Regional Cities Trade Missions last month on our website however if not please find a summary of China-wide missions for Q1 below.

If you are interested in the Wuhan-Zhengzhou mission scheduled for 20-22 Feb please contact: [email protected] Tel: 0086 10 51924406

For your reference the CBI's China office will be attending the Zhengzhou section of the Mission.

UK Trade & Investment (UKTI) recently released the dates for the next phase of its Regional Cities Programme in China.

The schedule of the missions is as follows: Zhengzhou and Wuhan (20-22 February 2012), Nantong and Yancheng (27-29 February 2012), Kunming (23-24 February 2012), Chongqing (05-06 March 2012), Hangzhou and Ningbo (07-09 March 2012), and Foshan and Shunde (28-29 March 2012).

These missions will offer an excellent introduction to these cities and the opportunities that they offer.

Participants in the missions will enjoy:

     • Access to high-level officials
     • Business workshops
     • Knowledge about specific opportunities

Please click here for full details on the mission to Nantong and Yancheng and here for the mission to Hangzhou and Ningbo.