www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Trade with UK reaches record $81b in 2014

By ZHANG CHUNYAN (China Daily) Updated: 2015-01-20 10:26

Trade with UK reaches record $81b in 2014

[Photo/IC]

Transactions involving vehicles, aviation and telecoms expand

Bilateral trade between China and the United Kingdom hit a record high in 2014, and China's investment in the UK also saw robust growth, a Chinese senior diplomat said.

The year was marked by enhanced China-UK economic cooperation, with bilateral trade reaching $80.9 billion, up 15.3 percent year-on-year, said Jin Xu, minister counselor of the economic and commercial office of China's embassy in Britain.

Bilateral trade has doubled since 2009, and the growth rate in 2014 was the fastest among European countries, Jin said. The target for this year is $100 billion.

The UK is China's second-largest trading partner in the European Union.

The portion of trade that involved vehicles, aviation and communications expanded last year, and China became Britain's largest supplier of electro-mechanical products.

China also surpassed the UK to become Jaguar Land Rover's largest market, he said.

The past year also saw some key mergers and acquisitions and China's investment in the UK exceeded $7 billion, Jin said.

Nanjing-based Sanpower Group Ltd, owner of the Nanjing Xinjiekou department store, agreed in April to take control of retailer House of Fraser in a deal valuing the company at more than 450 million pounds ($745 million), including 250 million pounds of debt. It was the biggest international retail acquisition by a Chinese company.

Infrastructure, property, research and development centers, advanced manufacturing and retail are popular sectors for Chinese companies investing in the UK, Jin said.

For example, China Life Insurance Co, the country's largest insurer, together with Qatar Holding LLC, bought a building in London's Canary Wharf for 795 million pounds in June.

In June, China Construction Bank Corp bought a central London office building off-market for about 110 million pounds.

And in September, Huawei Technologies Co Ltd acquired the UK's Neul, which specializes in the Internet of Things.

As of Dec 31, cumulative investment by Chinese companies in the UK exceeded $40 billion, making the UK the largest recipient of Chinese investment in the EU.

During Premier Li Keqiang's visit to the UK in June last year, the two countries stressed the importance of mutual investment in promoting long-term economic growth and employment.

Britain welcomed Chinese investment in infrastructure such as transportation and energy, particularly nuclear, high-speed rail, offshore wind power and photovoltaic projects.

Jin also said that China-UK financial ties were strengthened in 2014, as China's Construction Bank Corp was designated as the first Chinese bank to provide yuan-clearing services in the UK, and the UK government issued a sovereign bond in yuan, becoming the first Western country to do so.

Lloyd's has been awarded a license to establish a branch in Beijing and China's Industrial and Commercial Bank and Construction Bank Corp have been granted a license to set up branches in London.

Jin forecast that this year will be another year of breakthroughs in bilateral economic relations.

China's economic transformation and creative development strategy will not only boost its own growth but also offer greater opportunities for China-UK economic cooperation, Jin said.

 

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 最近中文字幕精彩视频 | 国产成人精品一区二三区在线观看 | 国产成人v爽在线免播放观看 | 一区二区在线欧美日韩中文 | 曰本人做爰大片免费观看一 | 国产免费高清 | 欧美午夜视频一区二区三区 | 黄色一级毛片网站 | 美女视频黄视大全视频免费网址 | 黄色三级理沦片 | 久久综合给合久久狠狠狠97色69 | 成人久久18免费网站入口 | 久久在线播放 | 性欧美精品孕妇 | 国内精品久久国产大陆 | 美女被拍拍拍拍拍拍拍拍 | 68久久久久欧美精品观看 | 日本一区三区二区三区四区 | 成人性视频在线 | 日本视频免费在线播放 | 欧美一级毛片一 | 亚洲精品aaa | 国产永久精品 | 一级毛片视频在线 | 写真片福利视频在线播放 | 成人观看视频又黄又免费 | 亚洲高清一区二区三区 | 九色91| 一区二区三区网站在线免费线观看 | 欧美一级视频免费观看 | 久久久久国产成人精品 | 97青青草原国产免费观看 | 国产激情久久久久影 | 国产微拍精品福利视频 | 18岁免费网站 | 久草在线网站 | 日本高清视频一区二区 | 欧美特级| 成人国内精品久久久久影院 | 欧美成人一级毛片 | 午夜三级国产精品理论三级 |