According to comprehensive news from WorldWay, Eric Pickles, the UK Secretary of State for Communities and Local Government, has begun his visit to China this week to promote UK-China trade relations and further attract significant investments from Chinese enterprises into the UK economy.
According to a press release from the British Embassy in China, during his three-day visit, Pickles will meet with several well-known Chinese companies to introduce opportunities in the UK's urban regeneration process, particularly in the energy, real estate, and transportation sectors. The press release quotes Pickles as saying: “We are continually working to open our doors to China, showcasing the UK as a world-class destination for business. This has already attracted billions in investment to the UK economy, driving business growth and creating jobs. My visit is aimed at further expanding these opportunities and ensuring we establish a long-term partnership that will benefit UK and Chinese investors in the future.”
The economic ties between the UK and China are continuously strengthening, with the UK being the most favored investment destination in Europe for Chinese investors. A recent report indicates that from 2005 to 2013, the total investment from Chinese investors into the UK economy reached nearly £12 billion, and it is expected that by 2025, the total Chinese investment in the UK will grow to £105 billion.
Edited by WorldWay
