Dame Barbara Woodward, outgoing Ambassador to China, has been announced as the United Kingdom’s new permanent representative to the United […]
Demographics, economic growth and greater investment indicate a bright future for British business in Asia, according to panellists on a […]
BritCham are partnering with Global Innovation Week (GIW) to support British international start-ups and entrepreneurs in Beijing’s Chaoyang district. Through […]
China’s economy expanded by 3.2% year-on-year in the second quarter, according to official data released Thursday morning, on the back of a historic contraction in the first three months of the year as the country battled with the economic impact of COVID-19. The growth rate beat many analysts’ expectations. A poll of economists conducted by Reuters forecast GDP to grow by 2.5%, while a similar poll by Caixin predicted a growth rate of 2.9%.
In this year's update to the Foreign Investment Negative List, the government has cited both the impact of COVID-19 on the economy and long-term plans to reform the business environment for foreign companies as the main impetuses for opening up more sectors to foreign investment. It remains to be seen, however, if foreign businesses feel it is the right time to enter a new market in the face of significant global uncertainty and a challenging business environment in China.