In an increasing effort to motivate the Chinese investment and trade in the UK, the country is welcoming the tourists and students from China. According to a senior official.
British Trade and Investment Minister, Lord Francis Maude, said that the UK has attracted much investment from the businessmen from China than any other country like France, Spain and Germany, which according to him is important for them.
Around 40% of top 250 companies in the world have their headquarters in London when compared to the 8% in Paris. Britain wants firms from China to set up their regional headquarters in London and also wants to invest in the country. – He said.
Maude visited Hong Kong, much before Chinese President Xi Jinping visit to London that starts from Monday. He also visited the tech companies in Shenzhen that also includes Huawei Technologies and also attended events in Shanghai.
Previous month, Exchequer Chancellor, George Osborne had showcased the 24 billion pounds worth of opportunities of investment in north of England at an event.
Maude said that Britain welcomes the investment from the Chinese and Hong Kong companies. Hong Kong companies will bring the experience in the Britain to China in future. He also said that Hong Kong has a significant role in improving the investment and trade between the Britain and China.
According to him, over 560 British companies have their offices in Hong Kong. Britain has doubled the exports to China over previous few years. Britain’s automotive brands such as Rolls Royce and Jaguar Land Rover and are trying hard for promoting their products in China. Britain has been encouraging Chinese students to visit, study, work, invest or even buy a property in the country.