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China-Britain trade in robust growth despite euro crisis, weak global economy (3)


08:54, January 14, 2013

China's telecom equipment giant Huawei Technologies announced in September that it planned to invest 2 billion dollars to expand its operation in Britain in the next five years and the move is expected to create up to 700 new jobs.

Chinese retailer Bosideng, China's largest maker and distributor of down clothing, opened its first overseas flagship store in London last year.

Zhou regarded many of the merger and acquisition deals made in Britain by Chinese companies as playing a demonstrating role and breakthrough.

At the same time, figures from the Chinese side show that Britain's direct investment in China reached 18.1 billion dollars in January-November 2012, ranking second in the EU only after Germany with the investment in China at 20.6 billion dollars.

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