The Department for UK Trade and Investment (UKTI) has published an authoritative guide to doing business in China.
Aimed mainly at Small and Medium Enterprises (SMEs), the guide brings together all the information in one place for firms wishing to do business in this dynamic fast-growing economy.
The guide, written in collaboration with a number of experts, including Bank of China, Deloitte, HSBC, King and Wood Mallesons, the China Britain Business Council, UKTI and UK Export Finance (UKEF) among others.
The guide gives useful information and points of contact to those best placed to assist businesses in opening up opportunities and winning business. Key routes to access the market include:
- selling goods online
- working with a distributor or agent
- opening an office in the country
China is now the world’s second largest economy after the United States, the biggest trading partner for most Asian economies, the world’s largest exporter and the single greatest destination for global direct investment
Robert Hurley, Head of Sector Teams, London International Trade Team, UKTI, said:
“China is a huge and expanding market for UK businesses. UK exports of goods to China have more than doubled since 2010 and increased by over 37% in the last 2 years. They were worth £12.4 billion in 2013 alone.”
“The UK is now the second biggest European exporter to China. Our exports to China are growing 3 times as fast as our imports from China. But there is still much more that we should do in the UK to make the most of this exciting opportunity and reap the rewards of doing business with China. If the last decade was all about ‘Made in China’, the next decade will be all about ‘Made for China’.”
Click here to download New Landscapes of Doing Business in China: Practical Guidance for UK Businesses Selling Goods and Services into China
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