Chamber Chat – Gemma Beaton
On 30th January BCC released its International Trade Survey results and found UK companies remain committed to strong trading relationships with European customers and suppliers despite the UK’s vote to leave the EU, however it is becoming apparent more and more businesses are starting to look at other potential markets, one of those high growth markets is China, who are in the top 3 exporting countries for our District and have been for the last couple of years.
The UK is one of Europe’s largest investors in China, and among the largest destinations in Europe for China’s outward investment. With the country's middle class population expected to reach 600 million in the next few years, our trade relationship with China is now more important than ever
There are several reasons to choose China as an export destination, it is the largest country in the world by population with over 160 cities of more than a million inhabitants, with a fast-growing consumer market resulting from increasing numbers of middle income families, growth is ensured by Chinese monetary policy and forecasts to become the world’s largest luxury goods market by 2020 so the opportunities for UK companies is huge.
With this in mind Lancaster City Council, Lancaster University Confucius Institute and Lancaster District Chamber of Commerce have come together to organise a UK-China Business Networking Dinner with Minister Counsellor Mr JIN Xu, Economic and commercial Counsellor, Embassy of the People’s Republic of China in the UK to discuss business initiatives and opportunities between the UK and China.
With places limited at the event advice, guidance and support can still be sought through the Lancaster District Chamber of Commerce, Lancaster University and The Department of Trade (DIT), please contact the Chamber for further information. For the dinner, RSVP to Lancaster University Confucious Institute, firstname.lastname@example.org or 01524 510738 by 10th May, 2017