Record cash injection in UK: senior diplomat
Chinese investment in the UK over the past two years reached $13 billion, exceeding the total of the previous three decades, a senior Chinese diplomat said.
China-UK bilateral trade reached a record high in 2013, exceeding $70 billion, said Zhou Xiaoming, minister counselor of the Chinese embassy in the UK.
Chinese investment in Britain reached more than $3 billion in 2013, including investment in high-end manufacturing, infrastructure, property, media, research and development center area, he said.
Britain is the main destination for outbound Chinese investment and attracts more investment than many European countries, he said.
Last year, more than 20 Chinese companies set up branches in the UK, also a record high, Zhou said, adding that Birmingham, Reading, Northampton and other areas all attracted Chinese investment.