Immigrate to the UK focusing on UK Immigration Economy : According to a report by the British Daily Telegraph on the 18th, this week, Chinese President Xi Jinping will make a state visit to the UK, marking the arrival of a 'golden era' in Sino-British relations. Li Shufu, Chairman of Geely Group and an investor from China to the UK, believes that the friendly relations between China and the UK also serve as a new impetus for economic growth in both countries.
President Xi hopes for increased trade exchanges between China and the UK, and even before this visit, the black taxis shuttling between London and Beijing have already become a symbol of the strong trade relationship between the two countries.
Li Shufu believes that two years ago, Geely Group, China's largest private automaker, acquired the nearly bankrupt London Taxi Company. Now, President Xi's visit to the UK confirms the wish at the time of purchasing the company: hoping that this new breakthrough model can become a successful export model worldwide.
After purchasing the London Taxi Company, Li Shufu stated that Geely invested over £250 million (approximately 2.45 billion RMB) into the company, bringing in a new development model that has created hundreds of jobs in the UK. This investment reflects the close and continually rising trade relationship between China and the UK, attracted by the UK's innovation and productivity. Currently, over 500 Chinese companies have entered the UK market or invested directly in the UK. It is estimated that the bilateral trade volume between the two countries will exceed £50 billion (approximately 491 billion RMB) this year, with the UK set to become China's second largest trading partner in the European Union.
Clearly, Sino-British cooperation is mutually beneficial. China provides a vast local market for UK goods and offers a strong pathway for entering the Asian market; conversely, the UK provides China with ample human resources, extensive sales and market experience, as well as superior industrial quality. This is also why UK Chancellor of the Exchequer George Osborne believes that the UK will be China's best partner in the West.
Li Shufu also stated that apart from creating new job opportunities, Chinese investors will help train the next generation of engineers, designers, and other technical personnel, guiding them to develop products that can gain international recognition.
Currently, Geely and the London Taxi Company are developing a new type of taxi, which is expected to meet the zero-emission goal proposed by former London Mayor Boris Johnson by 2018. Furthermore, Geely will spread this technological achievement to other regions around the world. Geely applies this technology to its subsidiary, Volvo Cars of Sweden, producing a plug-in hybrid vehicle. All these indicate that China is not only a good international investor but also an excellent guardian of overseas assets.
The London taxi may struggle to innovate, but it stands as the best testament to a company's rebirth following Chinese investment. During Xi Jinping's visit to the UK, we look forward to more investment and trade projects, and this is no longer just a beginning, as both the Chinese government and some business leaders have stated: Just like the new generation of London taxis with a new engine, this momentum is an engine driving the economic growth of both countries. <
