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Guangzhou enterprises invested 250 million USD in the U.K.

2017-March-9       Source: Newsgd.com

Up to 2016, the U.K. has invested in 224 projects with 940 million USD in Guangzhou directly, while Guangzhou has invested 21 projects with 280 million USD in the U.K..

A memorandum of understanding between ABP International Alliance and Guangzhou Municipal Board for International Investment (Invest GZ) will be signed to help companies in Guangzhou to “Go Global” and develop new markets in the UK, meanwhile publicizing the development level of the export-oriented economy of Guangzhou and its international business environment.

Last year, trade volume between the U.K. and Guangzhou was 24.8 billion USD. Guangzhou enterprises invested 250 million USD in the U.K., which increased 65.7 times year on year.

Up to 2016, the U.K. has invested in 224 projects with 940 million USD in Guangzhou directly, while Guangzhou has invested 21 projects with 280 million USD in the U.K..

Committed to establish a high-level network for enterprises between China and the UK, ABP International Alliance aims Guangzhou to start its campaign in helping Chinese enterprises going global because of Guangzhou’s open and international business environment.

Neil Robinson, Executive Chairman of ABP International Alliance said, “Guangzhou is one of the Top 3 cities in China that is seeing a rising number of enterprises across all sizes and sectors going abroad to boost their exports and their profits. We believe Guangzhou has the most excellent enterprises to introduce their expertise to the UK where they can benefit from the business friendly environment and the lowest tax among the G7. And we are pleased to see a wide range of support given by the local government to encourage enterprises participating in international trade activities.”

Official statistics show that the economic aggregate of Guangzhou has been ranking third among the cities in the Chinese mainland for 27 consecutive years and Guangzhou has been ranked No.1 on Forbes Best China Business City List for 5 times.

As the place of original of the ancient Marine Silk Road and the gateway of the 21st Marine Silk Road, Guangzhou is committed to establish “Three Hubs” (International Shipping Hub, International Air Hub and International Scientific and Technological Innovation Hub), to strengthen the mission of Guangzhou as the central city and the capital city of Guangdong Province.

Not only in the U.K., more than 90 Guangdong’s companies made direct investment in the Netherlands last year, which created over 1450 jobs simultaneously, according to Netherlands Foreign Investment Agency (NFIA).

It is said that these Guangdong's companies have set up 9 sales centers, 23 distribution centers, 10 headquarters, 10 holding companies and 4 R&D centers in the Netherlands.

Editor: Steven

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