Chinese trade delegation meets Newham businesses at UEL
PUBLISHED: 16:40 26 August 2016 | UPDATED: 16:56 26 August 2016
A Chinese delegation met with local businesses on a visit to the University of East London (UEL) yesterday.
The group from Longyan – a city in Fujian province, 260 miles north-east of Hong Kong – met representatives from local business clubs including the Newham Chamber of Commerce at the Knowledge Dock, in University Way.
The visiting group, which included deputy mayor of the Longyan municipal people’s government Wang Jiansheng, spoke about their area’s thriving economy and opportunities for British investment.
And Newham Chamber of Commerce secretary John James is hopeful that the visit will prove fruitful for the borough’s economy.
“China has a huge consumer economy and this is the seventh trade delegation we have hosted from the country and there is always a productive follow-up,” he said.
“These things are all about getting face-to-face contact with potential partners and clients. “It’s a preamble to doing business.”
Despite some fears that the UK’s decision to leave the EU could impact upon future Chinese investment, Thomas Chan, the deputy lieutenant for Redbridge who helped to organise the event insists the future remains bright for the two nations.
“What is important for China and the UK is to maintain the bilateral trade agreement regardless of what happens,” he explained.
“As and when Brexit becomes a reality China and Hong Kong should have free trade agreement straight away – China is open for businesses.
“Hopefully we can continue the exchange of education, ideas and cultures.
“In China the word for risk is made up of two other words – danger and opportunity.
“Although Brexit may be a risk, many in China would say it’s an exciting opportunity.”