Xu Weiping, board chairman and general manager of ABP (China) Holdings Group, is planning an Asian business park in London with a total investment of 1 billion pounds ($1.7 billion).
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In addition to investment growth, China's trade with the UK also highlights bilateral economic ties. In the first four months of this year, China-UK trade surged 20.6 percent year-on-year to $23.33 billion, compared with the 11.3 percent growth of China-Eurppean Union trade. China's exports rose by 14 percent to $15.85 billion, and its imports jumped 37.3 percent to $7.48 billion, according to the General Administration of Customs.
In addition to luxury brands, middle-tier brands are increasingly attracting Chinese consumers, which is "very encouraging because it's a much broader-based relationship", he added.
"In addition to the driver of expanding Chinese consumption, Chinese companies are moving up the value chain and becoming more innovative. And the UK can help Chinese companies move up the value chain," Phillips said.
"Another potential driver for strong trade growth is the continuing urbanization in China, creating opportunities for overseas companies having clean technologies and green technologies," he added.
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