A long term relationship both personal and commercial: Leaders Lounge with Stephen Perry

"My father was shocked beyond all imagination," Perry shared, recalling how his father Jack became one of the original Icebreakers who travelled to the country from the 1950s onward. This experience not only shaped his father's commitment to promoting trade but also influenced Perry's understanding of China as a nation striving for progress amid adversity.

In an interview marking the 75th anniversary of the founding of modern China, Perry said that those first business people were not only interested in selling products, but also laying the foundations for a wealthy society and longer term relationship. 

Stephen Perry's own first trip to China in the 1970s stood in stark contrast to his father's earlier experiences. "It was absolutely amazing," he said, describing the nation's transformative journey toward modernization. He noted that the determination and hard work of the Chinese people left a lasting impression on him.

However, current tensions between China and Western nations, particularly the EU and the US, have raised questions about the future of trade relations. Perry is disappointed by the EU's recent imposition of tariffs on Chinese electric vehicles, attributing this move to external pressures from the U.S. 

"The Americans have put the tariffs on... but the reality is that Europe lacks the power and imagination to truly compete," he stated, underscoring a growing discontent with protectionist policies.

As global dynamics shift and protectionism rises, Perry remains optimistic about the potential for improved relations, especially between the UK and China. He called for a reevaluation of trade policies, suggesting that a Labour government could take a more constructive approach than its predecessor.

"The UK needs to reposition itself with China," Perry said, emphasizing the importance of navigating this relationship carefully while balancing ties with the United States. With a wealth of opportunities ahead, he believes that a renewed commitment to dialogue and trade could pave the way for a more harmonious future.

Stephen Perry is honorary chairman of the 48 Group Club. 

This interview is part of the CGTN Europe and CCCUK's Leaders Lounge series. Other guests include Sherard Cowper-Coles and Laura Citron.