Trading with China: Opportunities for Entering and Expanding
30 June 2022
Chamber International participated in a unique invitation-only forum with the UK’s deputy trade commissioner to China, Tom Duke, this month (June).
Organised by the head of British Chambers of Commerce’s Global Network, Anne-Marie Martin, the event on 15th June saw representatives of fifteen chambers come together to hear the latest updates live from DIT in Beijing, and to pose their questions directly to the deputy trade commissioner.
With China continuing to pursue a strict “zero tolerance” strategy towards Covid-19, resulting in significantly reduced economic activity in Shanghai, Beijing and other major cities in recent months there was, unsurprisingly, keen interest in the impact of this policy on international trade, and the question of how long China will maintain this policy for, to its own financial cost.
The deputy trade commissioner also drew attention to the DIT’s assessment that by 2030 China and Hong Kong will have 33% of the world’s middleclass consumers and, by 2050, will account for 30% of the world’s consumers with incomes over $40,000 - almost as many as Europe and the rest of the Asia Pacific combined.
Chamber International supports British businesses who trade with China, providing advice and practical assistance relating to market-entry, business development, marketing, e-commerce, business registration and more.
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