UK-China trade discussed at China in Springtime: Global Dialogue

UK business leaders have gathered in London to explore the key policy initiatives emerging from China's recent Two Sessions in Beijing and potential opportunities for UK-China trade. 

The event, titled China in Springtime: Global Dialogue, provided a chance for discussions on ways to expand economic collaboration between the two nations.

The overarching message of the event was clear: China will continue to open its doors wider to the world. This sentiment was echoed by high-profile speakers, including His Excellency Zheng Zeguang, China's Ambassador to the UK, who highlighted the strategic opportunities available to British businesses in light of China's recent economic policies.

Speaking at the event, the ambassador emphasized China's commitment to strengthening cooperation across multiple sectors, including trade, new energy, climate change, scientific and technological innovation, education, and culture. He also pointed to new growth opportunities in financial services, clean energy and artificial intelligence, encouraging UK businesses to explore these avenues.

The event attracted a diverse group of British entrepreneurs, all eager to strengthen their business relationships with the world's second-largest economy. Among them was Ayesha Ibrahim, CEO of Honey Corn, who recently secured a deal to have her products stocked in a luxury department store in Suzhou. She stressed the importance of looking outward for growth, stating: "We are but a small island, and we need to look outwards. China is the future."

Mutual learning and collaboration

The dialogue also featured insights from Michael Mainelli, the 695th Lord Mayor of the City of London, who highlighted the importance of mutual learning and collaboration. Noting China's advancements in retail fintech, he said that while China leads in platforms that enable retail product distribution, London remains the global hub for wholesale markets, insurance and central bank digital currencies. He stressed that financial partnerships between the two nations have the potential to unlock significant benefits for both sides.

The event coincided with a high-profile meeting in Beijing between Ding Xuexiang, China's Vice Premier, and British Energy Secretary Ed Miliband. Their discussions centered on expanding collaboration in financial services, trade, and green and low-carbon development – areas that both nations see as critical for future economic growth.

As both nations navigate evolving global economic landscapes, UK business leaders are moving beyond dialogue and actively seeking investment opportunities. The conference reinforced that China is open for business and eager to foster new growth drivers, particularly in digital and green technology.

With deepening cooperation across sectors, British companies are recognizing the immense opportunities that China presents, reaffirming the importance of continued engagement and collaboration.