Chongqing – The Chinese Commerce Minister met with the British Secretary of State for Business and Trade in London earlier this month to discuss strengthening bilateral cooperation. The meeting emphasized expanding economic ties and highlighted emerging opportunities, marking a new chapter in China-UK trade, with Chongqing playing an increasingly pivotal role.
Bridging News talked to John McLean, Chairman of the City of London Branch for the Institute of Directors UK and Chairman of the China-UK Business Development Centre. He noted that both nations are fostering increasingly supportive environments for trade.
"It's the confidence that enables people to move forward, seek new business opportunities, and operate in a mutually supportive environment," he said. This shared confidence is driving innovative ventures and strengthening the China-UK business connection.
A key sector driving this bilateral collaboration is the electric vehicle (EV) industry. McLean pointed out that British consumers are increasingly purchasing Chinese-made EVs, reflecting the strength of both countries in the green technology sector.
"We can standardize this and provide a mark of approval, helping consumers understand that the information they receive is reliable, rather than just marketing claims," McLean explained.
While UK companies have historically focused on China's eastern coastal cities, McLean highlighted the rising importance of the Chengdu-Chongqing economic circle as China's fourth pole of economic growth.
When McLean first introduced Chongqing to British businesses a few years ago, many were unfamiliar with the city. However, Chongqing's rapid growth in recent years has secured its position on the global stage.
For British companies considering expansion into this emerging market, McLean advised taking a targeted approach: "Focus on a specific sector and niche. Start with small steps." He cautioned that while China offers significant opportunities, businesses must be strategic and avoid attempting to conquer the entire market at once.
Despite global uncertainties, McLean noted that China's clear development vision provides a stable and predictable environment for business success. "Get on that plane and go to China!" he encouraged, reflecting the optimism many UK businesses feel about their prospects in the country.
(Jiang Anqi, as an intern, also contributed to this report.)