HUGE POTENTIAL IN ECONOMIC, TRADE COOPERATION
In recent years, Chinese companies have made much headway in expanding cooperation area in Britain, extending from traditional finance, trade and telecom to high-end manufacturing, infrastructure, brand cultivating and R&D.
Speaking at a seminar on China's opening-up and globalization in London late last year, Zhong Shan, Chinese vice minister of commerce, said China and Britain have complementary economies.
Britain boasts rich experience in developing service industry and technical innovation, while China, as an emerging economy, has released strong potential of market need, posing great prospects of cooperation between the two countries.
Zhong suggested enhanced cooperation in high-end manufacturing, infrastructure investment, low-carbon and green economy, and small and medium-size enterprises.
Looking forward to 2013, Zhou Xiaoming believed that the two countries would achieve sustainable growth in the two-way trade this year.
"The Sino-British economic and trade ties are hopefully to make new advancement in the new year so long as the two countries can make full use of the opportunities existing at the present time and exploring potentials," Zhou pointed out.
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