UK Trade and Investment (UKTI) has today (26 May 2015) published an authoritative guide to doing business in China.
Aimed mainly at Small and Medium Enterprises (SMEs), it has all the information in one place for firms wishing to do business in this dynamic fast-growing economy.
The guide was launched at a seminar at the offices of King and Wood Mallesons in London. China experts provided insights for UK-based companies looking to win business with China.
Background on new China export publication
This guide gives useful information and points of contact to those best placed to assist your business in opening up those opportunities and winning business. You can access the market by:
- selling goods online
- working with a distributor or agent
- opening an office in the country
The guide was written in collaboration with a number of experts. These were from Bank of China, Deloitte, HSBC, King and Wood Mallesons, the China Britain Business Council, UKTI and UK Export Finance (UKEF) among others.
Trade with China
China is the great economic success story of the past 30 years and is now the:
- world’s second largest economy after the United States
- biggest trading partner for most Asian economies
- world’s largest exporter
- single greatest destination for global direct investment
Robert Hurley, Head of Sector Teams, London International Trade Team, UKTI, said:
China is a huge and expanding market for UK businesses. UK exports of goods to China have more than doubled since 2010 and increased by over 37% in the last 2 years. They were worth £12.4 billion in 2013 alone.
The UK is now the second biggest European exporter to China. Our exports to China are growing 3 times as fast as our imports from China. But there is still much more that we should do in the UK to make the most of this exciting opportunity and reap the rewards of doing business with China.
If the last decade was all about ‘Made in China’, the next decade will be all about ‘Made for China’.
Exporting to China events
UKTI and its partner China Britain Business Council (CBBC) run a number of events to help UK companies access the Chinese market.