China Direct

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 Ahead Of The Curve In China Investment Strategy - CBI

 

EMBARGOED: 00:01 Hours, Thursday 02 November, 2017UK AHEAD OF THE CURVE IN CHINA INVESTMENT STRATEGY – CBI

UK is China’s second largest European trading partner  

The UK is shifting its investment into inner regions of China and into new sectors, ahead of the curve of other nations, according to the CBI’s first ever Sterling Assets China report.

Download CBI China Sterling Assets Report

In 2016, the UK was China’s second largest trading partner in the European Union (behind only Germany) and the eighth worldwide, doing £55 billion worth of trade in goods with China. Indeed, after the USA and Germany it is the only country in the list of China’s top nine trading partners not in the Asia Pacific region.

The UK also ranks eighth in terms of foreign direct investment (FDI) into China over the last decade, at £4 billion. However, unlike other nations, Great Britain is shifting its focus from coastal to inland provinces, which have historically received a smaller share of FDI, so as to mirror the Chinese government’s Belt and Road development plans. Over half (57%) of British investment in 2015 (over £880 million) went to inland regions, led by Heilongjiang (£313 million) in the north east and Henan (£276 million) in the centre.

Of the £18.1 billion worth of UK exports to China in 2015, Shanghai tops the list (£4.2 billion), followed by Beijing (£2.4 billion) and Guangdong (£1.3 billion). 21% of British exports to China were in transport technology (automotive, rail, air and maritime), 12% in machinery & electrical, 8% in chemical products and 5% in metals. The UK’s top service export was travel (£1.5 billion), with 270,000 Chinese visiting the UK and 91,000 Chinese students enrolling in British universities – far more than from any other country.

Guy Dru Drury MBE, CBI Head of China, said:

“The Sino-British relationship is a great success story. As we delve deeper into the Golden Era of ties between China and the United Kingdom, we have so much to offer each other, and British business is keen to play its part.

“From cars to chemicals, and services to schools, British organisations – especially many smaller companies – are tapping into a growing market in China, one that plays to the UK’s best competitive strengths. With the consumer market worth over £3.3 trillion, instantly recognisable British products are a particularly strong match for a growing generation of affluent Chinese. Moreover, 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.”

Dame Barbara Woodward DCMG OBE, Her Majesty’s Ambassador to the People’s Republic of China, said:

“Supporting UK-based companies to invest and operate overseas and become global businesses is part of our strategy to expand mutually beneficial trading relationships around the world. This is especially so in China, the world’s second largest and fastest growing economy.

“This report showcases a wide range of British investment and highlights the strengths and growing confidence of British companies. Investment in China by British companies can generate wealth for the UK, support British jobs, help build UK-based supply chains, and support China’s own economic development.

“As we continue to address the challenges for businesses investing across the globe and help them to make the most of opportunities, positive and proactive engagement of UK and Chinese businesses remains vitally important.”

Between 2015 and 2016, greenfield project investment into China exceeded £2.25 billion. The financial services sector saw the highest value investments (£488 million), followed by logistics (£292 million), consumer products (£268 million) and business services (£209 million).

02 November 2017

Notes to Editors:

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.

The CBI 2017 Annual Conference will take place on Monday 6th November at the NEW LOCATION of the InterContinental London – The 02 hotel. Media can now register here (clicking on the “Media” box, entering the code 7286). Please note that journalists will be asked to upload a photo as part of the registration process. The closing date for applications is Thursday 02 November.

Follow the CBI (@CBItweets) on Twitter and on the day of annual conference using the hashtag #CBI2017.

Media Contact:

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

University of Sheffield and Chamber to establish new Sheffield Confucius Business Gateway

CBI member The University of Sheffield and the Sheffield Chamber of Commerce announced that they are joining forces with the Sheffield University Confucius Institute and other partners to establish a world-class Sheffield Confucius Business Gateway for China in the North of England.

In the week prior to the University of Sheffield’s announcement, the Sheffield City Council announced a 60-year partnership, worth £1 billion, with Sichuan Guodong Construction Group, marking the largest investment by China in the U.K. outside London.

Please read more here.

European Chamber releases inaugural Southwest China Position Paper

 

The European Union Chamber of Commerce in China released the European Business in China – Southwest China Position Paper 2015/2016 as a standalone report for the first time.

It compiles the latest assessments and concerns of European businesses operating in Southwest China with the aim of offering constructive recommendations to policy-makers in Chengdu, Chongqing, and Sichuan Province.

The Chamber hopes that this white paper will help to facilitate increased government dialogue and improve operating conditions for foreign companies invested in Southwest China, enabling them to invest further and help the region to develop sustainably and achieve its policy goals.

Please read more here.

Focus on Chengdu - CBI China Regional City Series

 

 

 Chengdu

Ambassador Woodward visits Chengdu: In November 2015, Barbara Woodward paid her first solo visit to Chengdu as British Ambassador to China. During her visit, she met with the Executive Vice Governor of Sichuan and the Mayor of Chengdu, visited the University of Electronic Science and Technology of China and delivered a speech on joint efforts to a green and low carbon future, visited West China Hospital (the second-largest hospital in China) and promised to invite more of the UK’s healthcare organisations to Go West, and participated in an Empowering Women event to share her personal experiences with female university students on her own growth and career development.

UK Chancellor visits Chengdu: In September 2015, UK Chancellor George Osborne announced a major milestone for the government’s High Speed 2 rail project (HS2), kick-starting the bidding process for phase one of the mega construction project. At least seven new contracts will be opened up to companies, with a total combined value of £11.8 billion.

The Chancellor made the announcement at an event in Chengdu, aimed at wooing some of China’s biggest investors to be part of the project as well as a raft of other major UK infrastructure projects. The Chancellor also showcased a selection of £24 billion worth of investment opportunities in the North of England at the event in Chengdu.

The Chancellor said there are unprecedented opportunities for Chinese investment into the Northern Powerhouse. Infrastructure and regeneration investment projects such as the Atlantic Gateway and Science Central, a cutting-edge development in the heart of Newcastle, were set out in a new Northern Pitchbook that was presented in Chengdu.

Other facts/figures on Chengdu and Sichuan province

Nearly 100 UK companies registered in Sichuan: There are now 94 UK companies registered and doing business in Chengdu and Sichuan province – nine of the 94 are in the world’s top 500 companies – in sectors ranging from financial and professional services, aerospace, engineering, construction, and manufacturing.

China’s fifth most populous city: Chengdu is China’s fifth most populous city 

High levels of foreign investment: In the first four months of 2015, Chengdu received US$1.2 billion in contracted foreign investment, up 150% compared to the same period in 2014.

Strong concentration of MNCs: There are over 265 Fortune 500 companies with businese in Chengdu. 

Key industries: Key industries in Chengdu include pharmaceuticals, food processing, automotive, aerospace, and metallurgy, finance, ICT, retail, petrochemical, and tourism.

Examples of CBI members in Sichuan province:  

Atkins:

 

 

In November 2015, the Seaton Plaza, Atkins’ first mixed-use development in Chengdu, opened for business.

• In June 2013, Atkins completed the landscape design for the waterfront in Mianyang, Sichuan province, creating leisure space for the public and interlinking various commercial and residential developments.
• In May 2012, Atkins was commissioned to draw up the Guidelines for the Chengdu North City Regeneration project.

 

• Benoy: In January 2014, Benoy announced the opening of Chengdu International Finance Square.

 

• BP: In October 2015, BP and China National Petroleum Corporation (CNPC), in an expansion of their global partnership, entered into a framework agreement on strategic cooperation covering potential shale gas exploration and production in the Sichuan Basin and future fuel retailing ventures in China and other international partnerships.

 

• British Airways: In 2013, British Airways launched its direct service between Chengdu and London.

 

• Deloitte: In October 2013, Deloitte opened its Chengdu office.

 

• Diageo: In July 2013, Diageo received approval from Chinese authorities to acquire the remaining 47% stake in Sichuan Chengdu Shuijingfang Group Co. Ltd. owned by its Chinese partners.

 

• PwC: In May 2015, PwC opened its Chengdu office.

 

• Shell: In March 2012, Shell and China National Petroleum Corporation signed a Production Sharing Contract for shale gas exploration, development, and production in the Fushun-Yongchuan block in Sichuan province.

 

• UBM: In August 2015, UBM’s second edition of HOTELEX Chengdu Exhibition, organised by UBM China and undertook by the Shanghai UBM Sinoexpo International Exhibition Co. Ltd. and the Sichuan Province Hotel Supplies Industry Association, was held in Chengdu.

HMA Barbara Woodward visits SW China

 

 

Following the U.K. Chancellor of the Exchequer’s visit in September, Barbara Woodward paid her first solo visit to Chengdu as British Ambassador to China on 19-20 November.

 

During her visit, Ambassador Woodward met the Executive Vice Governor of Sichuan province, Wang Ning, and the Mayor of Chengdu, Tang Liangzhi, and exchanged views on the U.K.-Sichuan/Chengdu bilateral relationships. In her meetings, the Ambassador highlighted President Xi’s successful state visit to the U.K. in October.

 

She also discussed the Chancellor’s visit to Chengdu in September in which he introduced the Northern Powerhouse. In addition, the Ambassador visited the University of Electronic Science and Technology of China and delivered a speech on the U.K.-China Golden Age: Joint Efforts to a Green and Low Carbon Future to hundreds of students to highlight the U.K.’s and China’s cooperation on clean energy, smart cities, and other areas of low carbon development.

 

She also visited the Gerontology Department and the Tele-health Department of West China Hospital, the second-largest hospital in China. She promised to invite more of the U.K.’s healthcare organisations to Go West and to expand cooperation with West China Hospital and across Sichuan in developing new hospitals, in delivering education and training, and in informatics, telemedicine, and elderly care.

 

The Ambassador also participated in an Empowering Women: Growing Your Career Talk at Fangsuo Bookstore to share her personal experiences with female university students on her own growth and career development.

 

There are now more than 94 U.K. companies registered and doing business in Chengdu and Sichuan—nine of the 94 are in the world’s top 500 companies—in sectors ranging from financial and professional services, aerospace, engineering, construction, and manufacturing.

 

Please read more here.

A busy week for UK-China Relations - business deals and highlights Sept 2015

 

Dear CBI members and partners,

China Direct has summarized below the key UK-China announcements made during a busy and productive week for UK-Sino relations.

Chinese Ambassador to U.K. speaks at reception in honour of KPMG Chairman

Chinese Ambassador to the U.K. Liu Xiaoming spoke at a reception held in honour of KPMG Chairman Richard Reid. The Ambassador highlighted some of Mr. Reid’s impressive contributions to strengthening relations between China and the U.K., including:

• Mr.Reid established KPMG’s U.K.-China Business to work with Chinese groups as they expand overseas. KPMG has played an important role in facilitating investments between China and the U.K.
• In 2012, KPMG was involved in seven out of the eight major Chinese investments in the U.K., including CIC’s investment in Thames Water and Heathrow Airport.
• KPMG has been a leading advisor for China’s potential investment in the U.K.’s nuclear power generating market.
• KPMG assisted Jaguar Land Rover to enter the Chinese market and form a joint venture with Chery Auto.

 Please read the full transcript of the Ambassador’s speech here.

U.K. Chancellor announces £3 million funding for grassroots football programme

U.K. Chancellor George Osborne announced a £3 million funding boost for a revolutionary grassroots football programme in China, supporting thousands of young people.

Speaking during a visit to the Soong Ching Ling Football School in Urumqi, the Chancellor announced new funding to provide training for over 5,000 new football coaches, significantly increasing Chinese awareness of the thriving football sector in the U.K.

The extension of the highly successful Premier Skills football coaching programme, run by the British Council and the Premier League, will also see it reach Xinjiang for the very first time. The initiative, which started in 2008, focuses on creating new coaches and referees across the world and inspiring young people to get involved in football.

So far the programme has trained 1,100 coaches and reached nearly 500,000 young people in China. The announcement follows a new agreement between the British and Chinese governments to work together in developing sports education, including new collaborations on sports policy, the training of coaches and referees, and a new joint accreditation in football coaches for PE teachers.

The Chancellor said, “Grassroots football plays an instrumental role in U.K. life, and it is brilliant to be able to spread that to China. This fantastic scheme which will bring new opportunities to young people across China will also help bring increased awareness and investment into the U.K. football sector.” Please read more here.

U.K. Chancellor announces support measures to showcase British culture

U.K. Chancellor announced a raft of support measures to open up some of the country’s best arts and culture to Chinese audiences. Examples include: 

• British Library to display some of its most iconic literary treasures in China for first time ever: Ten handwritten manuscripts and early editions by some of the best-known British authors of all time, from William Shakespeare to the Sherlock Holmes creator Sir Arthur Conan Doyle, will star in pop-up exhibitions across China between 2016 and 2019. The British Library will also begin creating related online resources in Mandarin. This follows the opening of a new display at the British Library in London showcasing 3,000 years of Chinese writing, from ancient engraved animal bones to a vast 15^th century encyclopaedia.

 

• Shakespeare’s Globe to tour China with revival of The Merchant of Venice: To commemorate the 400th anniversary of Shakespeare’s death next year, Shakespeare’s Globe will tour China with a revival of The Merchant of Venice, which premiered at the Globe in April this year to full houses for over 6 weeks. £500,000 of government funding will also develop a training programme for Chinese arts organisations to develop their learning and community projects. This complements the £1.5 million investment announced at the 2014 UK-China Economic Financial Dialogue in support of the Royal Shakespeare Company for the translation of Shakespeare into Mandarin and the translation of seminal Chinese plays into English.

 

• £500,000 to support Royal Opera House training programme for Chinese students: The Royal Opera House currently provides training to Chinese delegations on an ad hoc basis, so this Sino-U.K. funding will offer Chinese students the opportunity to travel to London for intensive training courses with world-leading arts institutions.

 

• New Love China Festival at Southbank Centre: This will celebrate the U.K.’s cultural links with China through workshops, exhibitions and performances showcasing the best of music, theatre, fashion, design, dance, comedy, and literature from the U.K. and China. It builds on the success of the Southbank Centre’s annual Alchemy Festival celebrating the U.K.’s links with the Indian subcontinent.

 

• £250,000 for National Theatre of Great Britain, working in collaboration with National Theatre of China to develop tour of War Horse across China: The tour will follow its recent performances in Beijing and Shanghai. The show will be produced, operated, and performed by 90 Chinese artists and technicians who have been trained as part of the strategic skills exchange between the two national theatres.

 

• £1.3 million to support presentation in China of Tate’s exhibition of British art, Landscapes of the Mind: British Landscape Painting (1700 – 2007): The exhibition comprises over one hundred celebrated works drawn from Tate’s unrivalled collection of British art, including David Hockney’s ‘Bigger Trees near Water’. Most of these will be presented in China for the first time. This exhibition, which has travelled to Mexico City and São Paulo, will forge a new museum partnership for Tate in China and follows the successful presentation of a landmark Turner exhibition at the National Art Museum of China, in Beijing in 2009.

 

• Victoria & Albert Museum to create new system for interpreting Chinese images: £300,000 of funding will support the initial stages of creating a bilingual English-Mandarin database of pre-1900 Chinese cultural and literary sources.

 

• £700,000 to showcase tourism in North of England as part of Northern Powerhouse: The Chancellor’s visit to China was a key opportunity to highlight the economic and cultural impetus of the U.K.’s Northern Powerhouse, and the campaign will encourage Chinese visitors to explore the Yorkshire moors, Beatrix Potter, and Wordsworth countryside in the Lake District, and historical sites such as Hadrian’s Wall.

• £1.3 million for VisitBritain ‘culture is GREAT’ campaign in China: This will highlight Britain’s cultural capital. Sally Balcombe, VisitBritain’s CEO, also joined the Chancellor during his tour of China.

 

• New Eden Project in Qingdao: The Eden Project has signed a deal, worth up to £5 million, for a new Eden Project in Qingdao—the company’s first development outside of the U.K.

Please read more here.

U.K. Chancellor opens £11.8 billion HS2 bidding process

U.K. Chancellor George Osborne announced a major new milestone for the government’s High Speed 2 rail project (HS2), kick-starting the bidding process for phase one of the mega construction project.

At least seven new contracts will be opened up to companies, with a total combined value of £11.8 billion. The Chancellor made the announcement at an event in Chengdu, aimed at wooing some of China’s biggest investors to be part of the project as well as a raft of other major U.K. infrastructure projects.

Mr. Osborne also announced a new ‘HS2 partnering day’ between British and Chinese firms to explore joining up on bids for contracts, as well as launching the Northern Powerhouse pitchbook. HS2 forms a major part of the government’s plan to rebalance the U.K. economy and build a Northern Powerhouse by providing high speed rail services from London to the Midlands and the North.

Construction of phase 1 is due to start in 2017 and, when opened, will slash the travel time between London and Birmingham from one hour and 21 minutes to 49 minutes. The government is organising an ‘HS2 partnering day’ to give Chinese companies an opportunity to meet U.K. firms and establish potential partnerships to join up on bids.

The Chancellor is also inviting Chinese participation in the HS2 skills college, which is due to open in 2017. A skills-swap programme would allow the U.K. to benefit from China’s expertise as a world leader on High Speed Rail and help Chinese investors better understand the U.K. market. The Chancellor is also encouraging Chinese companies to take part in an HS2 ‘regeneration tour’, which would involve visiting areas of huge commercial opportunity in London, the Midlands, and the North. Investors would have the chance to meet with relevant local authorities and visit station sites. Please read more here.

U.K. Chancellor showcases Northern Powerhouse investment opportunities

U.K. Chancellor George Osborne showcased a selection of £24 billion worth of investment opportunities in the North of England at an event in Chengdu with senior Chinese investors.

The Chancellor said there are unprecedented opportunities for Chinese investment into the Northern Powerhouse as the U.K. and China enter a golden era of economic cooperation.

Infrastructure and regeneration investment projects such as the Atlantic Gateway, a series of projects connecting the Port of Liverpool to the City of Manchester, and Science Central, a cutting-edge development in the heart of Newcastle, are set out in a new Northern Pitchbook that was presented in Chengdu.

At the same time, Britain’s Northern leaders said a new wave of transformational Chinese investment can revolutionise Northern infrastructure. Key projects for which investment is sought include:

• Manchester Place—an opportunity to deliver three new zones of more than 10,000 homes with a combined value of over £3 billion
• Sheffield Retail Quarter—working with Sheffield City Council to create new city centre homes and centrally located offices
• South Bank, Leeds—a new regeneration scheme covering more than 130 hectares in the city centre

 Alongside the Pitchbook, the Chancellor also announced:

• potentially doubling Enterprise Zones across the North
• commissioning a new government report looking at existing links between U.K. and Chinese cities to help the U.K. better understand how it can attract more trade with China
• a commitment to reinvigorate partnerships between Northern and Chinese cities, including Sheffield’s Sister City agreement with Chengdu, which has fostered significant business, civic, and cultural links since 2010
• the secondment of staff from the China Rail Construction Corporation, the world’s largest railway company, to Mott MacDonald, the U.K.-based management, engineering, and development consultancy, in Manchester
• the findings of a city-clusters research project based on the Chongqing-Chengdu cluster and the Northern Powerhouse
• a new service, established by Lancaster University, to bring together U.K. and Chinese universities, researchers and businesses to take research to commercialisation
• a new joint PhD programme to teach the next generation of Chinese Radio Astronomers at the Square Kilometre Array headquarters at Jodrell Bank
• a new offer on the Chevening Scholarship Programme to those in the Northern Powerhouse who wish to strengthen ties with Chinese students. Durham, Lancaster, Leeds, Liverpool, Manchester, Newcastle, Sheffield, and York universities (the ‘N8’) have all expressed an interest so far

Please read more here.

UKTI and Shanghai FTZ partner to help U.K. companies with e-commerce sales 

U.K. Business Secretary Sajid Javid signed a partnership agreement on behalf of U.K. Trade and Investment (UKTI) with the Shanghai Cross-Border e-Commerce Public Platform.

The signing took place at the first ever China-U.K. Cross-Border e-Commerce Cooperation Roundtable organised by the Bank of China in Shanghai. The partnership was organised as part of UKTI’s e-Exporting Programme.

The agreement will support U.K. exporters and help promote their online sales in China by helping them to find new customers, build brand awareness, and analyse Chinese consumer requirements. The Shanghai Cross-border e-commerce Public Platform will work with UKTI to:

• provide help to U.K. companies wishing to sign up to e-commerce platforms registered in the Shanghai Free Trade Zone (FTZ)
• encourage e-commerce platforms registered in the Shanghai FTZ to run a marketing campaign promoting U.K. brands on their platforms
• share information to help U.K. companies understand the opportunities in China and how they can be optimised through e-channels in the Shanghai FTZ

UKTI will work to grow the volume of U.K. online exports to China through the Shanghai FTZ e-marketplace by:

• delivering a programme with U.K. partners to increase the number of companies seeking to export through global e-marketplaces
• promoting opportunities for U.K. companies to grow their business in China through e-marketplaces
• working with partners and private sector experts to provide peer-to-peer mentoring for U.K. companies seeking to export through e-channels
• delivering a retail and brands campaign across relevant e-commerce platforms in the Shanghai FTZ

Please read more here.

U.K. celebrates 15 years of its diplomatic presence in Southwest China

 

In early June, the British Consulate-General in Chongqing hosted receptions in Chongqing and Chengdu to mark the Queen’s Birthday and the 15^th anniversary of the British Consulate-General in Southwest China.

The British Consulate-General in Chongqing was established on 01 March 2000. Throughout the past 15 years, it has been actively engaged in a wide spectrum of areas, playing a vital role in overseas exchanges in the region.

Since the establishment of the Consulate-General, it has worked closely with local partners to strengthen links in trade and investment, culture and art, science and innovation, climate change and energy, achieving great success.

In December 2013, Prime Minister David Cameron led a business delegation to visit Chengdu, the capital of Sichuan Province, helping British business leaders better understand the region, and thus promoting closer relationships between the U.K. and Southwest China.

In recent years, British companies have done well in Southwest China, particularly in the urbanisation sector and in architectural and engineering design, with a number landmark buildings in the region having been designed by British companies.

Famous local companies, such as Chang’an and Chongqing Machinery and Electric Co. Ltd. (CQME) have established themselves in the U.K. The U.K. has also worked with local partners to promote carbon capture and storage technology, carbon trading, and collaboration on shale gas.

In 2014, the U.K. signed a memorandum of understanding (MOU) with the Chongqing Development and Reform Commission on strengthening co-operation in climate change and energy, which has laid a solid foundation for future collaborative work in this area.

The U.K. government’s cultural and education section has also achieved great success in the region through a range of teachers’ training, school link-ups, arts and cultural exchange projects and social entrepreneur training schemes.

2015 marks a flagship year for U.K.-China relations, with the first ever bilaterally agreed U.K.-China Year of Cultural Exchange. Southwest China will host a series of events across different art disciplines, with headliner events including Mother River – Yan Wang Preston 2015 China Tour Exhibition, The Selector, U.K. Music on the Go, etc.

Please read more here.

Shell launches new natural gas engine oils in Chinese market

CBI member Shell launched its new Shell Rimula R5NG and Shell Rimula R3NG at a marketing event in Chengdu, Sichuan Province. These two new products join existing NGEOs Shell Rimula R6M and Shell Rimula R2 CNG in Shell’s NGO portfolio.

They will be launched in other select markets later in the year. China is in the midst of a transport revolution, and the Chinese government has advocated the use of alternative fuels to power its transportation systems.

Please read more here.

 

CBBC Great British Brands Festival in China 2015

 

The China-Britain Business Council (CBBC) Great British Brands Festival series of events focuses exclusively on selling U.K. products in China.

It provides an important opportunity for companies to showcase and sell their products to Chinese consumers in eight cities.

Following its success in Beijing, Chengdu, and Guangzhou in 2014, the festival is expanding across China, with eight events provisionally planned for 2015 in Chongqing (April), Changchun (May), Beijing (June), Changsha (July), Urumqi (August), Shenzhen (September), Chengdu (October), and Guangzhou (November).

There will also be opportunities to take part in associated events in Hangzhou, Qingdao, Shanghai, Wuhan, and other cities as part of CBBC’s retail-focused China Consumer programme.

Please read more here.