Despite challenges like the lengthy Covid-19 lockdown in Shanghai, UK exports to China are proving resilient, with many UK regions reporting record export growth, according to CBBC’s China Trade Tracker. Here are the latest UK China trade statistics In 2021, China was the UK’s third largest trading partner, after the US and Germany. It was the UK’s sixth largest export market for goods and the single largest source of imports. …
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In considering UK-China trade from China’s perspective, the UK appears to leave a lot to be desired as a trade partner, and the fact that the UK has not had a high-level trade dialogue in recent years is starting to set it apart among its peers, writes Joe Cash The prospect of UK-China trade talks recently caused a furore in Parliament. The notion that the government would want to resume …
In 2021, China recorded a historical trade surplus of £500 billion. But trade balances vary across regions, with trade surpluses and minuses highly concentrated in a few provinces, writes Torsten Weller China has long been seen as the ‘workshop of the world.’ This ‘moniker’ has become even more justified during the Covid-19 pandemic, when most developed economies in the West shut down during lengthy lockdowns. Factory closures in other export-oriented …
The biggest trade bloc in history, the Regional Comprehensive Economic Partnership, provides its member states with a tariff-free route into the China market. However, as Joe Cash explains, China’s membership brings challenges as well as opportunities Just after the stroke of midnight on New Year’s Eve, trade negotiators in Australia, Brunei, Cambodia, China, Japan, Laos, New Zealand, Singapore, South Korea, Thailand and Vietnam likely raised a second toast congratulating themselves …
The Russia-China border winds for 2,600 miles through rivers, swamps, and vast forests. It’s a region most businesses rarely interact with, though it’s home to many potential consumers and is a major cross-trade border too. Paul French caught up with the authors of a book about the Russia-China border to find out what the prospects for enhanced trade opportunities might be Academics Franck Billé and Caroline Humphrey spent years travelling …
Hainan has become the first province to publish a Negative List for Cross-Border Trade in Services. While the list is far longer than the nationwide list for foreign investment, it is much more detailed and provides a useful template for further reform, writes Torsten Weller While China’s regulatory crackdown and the focus on ‘Common Prosperity’ dominated this summer’s headlines, a smaller but nonetheless significant development took place on the island …
The Prime Minister has appointed the Rt Hon Elizabeth Truss as Foreign Secretary, meaning that there’s a new top team in government handling the UK’s political-economic relationship with China; the former Secretary of State for International Development, the Rt Hon Anne-Marie Trevelyan, moves to head up to the Department for International Trade Ms Truss has become the UK’s second female foreign secretary, following Labour’s Margaret Beckett 15 years ago. Her appointment means …
China’s post-Covid recovery remains strong, although some signs point to increasing downward pressure in the second half of the year The National Bureau of Statistics has announced China’s Q2 GDP data, and while it is less impressive than the 18.3% year-on-year growth in the first three months of 2021, the 7.9% year-on-year increase (up to RMB 52.3 trillion) in the second quarter nonetheless indicates a steady recovery. It also means …
Strong post-pandemic demand for goods continues to drive the growth of China’s exports, although analysts predict that trade growth may slow in the second half of 2021 Chinese exports grew 32.2% year on year in June, exceeding some forecasts by nearly 10%. The increase was driven by strong demand for both materials and consumer goods as many countries around the world, including the UK, ease Covid-19 lockdown measures as they …
As a sign of the thriving business ties between the UK and China, CBBC members, including business leaders from AstraZeneca, BP and Jaguar Land Rover, held a virtual meeting with Premier Li Keqiang and a group of senior UK business leaders from CBBC Member companies on 6 July 2021 The meeting covered a wide range of issues, including bilateral trade and investment, measures to improve the business environment and counter …