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Investment by Britain in China to rise fourfold

A study by global law firm King & Wood Mallesons says British investment in China will quadruple over the next five years. Foreign direct investment from the UK to China amounted to almost £6.7bn in asset stocks last year, but this is expected to rise to £26bn by 2020 as the country opens its doors to more overseas capital. Last year, the UK contributed around 1% of China's total foreign direct investment. In five years, this will rise to 2% - but of a much larger total. The financial services sector will see the greatest leap in investment from abroad, rising from just £27.7bn last year to £143.2bn in 2020, thanks to the lifting of restrictions on trading the renminbi and China's commitment to financial market reform. The country's energy industry will attract £19.3bn in five years, up from £9.8bn. Life sciences, media and entrainment have also been cited as growth industries by the report.

 

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