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China's trade with UK reaches record $81bn in 2014

Trade

Bilateral trade between China and the UK hit a record high in 2014, and China's investment in Britain also saw robust growth, according to a senior Chinese diplomat. Jin Xu, minister counsellor of the economic and commercial office of China's embassy in Britain, said the year was marked by enhanced China-UK economic cooperation, with bilateral trade reaching $80.9bn, up 15.3% year-on-year. Bilateral trade has doubled since 2009, and the growth rate in 2014 was the fastest among European countries, Jin explained. The target for this year is $100bn. The portion of trade that involved vehicles, aviation and communications expanded last year, and China became Britain's largest supplier of electro-mechanical products. Jin said China also surpassed the UK to become Jaguar Land Rover's largest market.

 

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