China-Britain Business Relations Get Momentum from Private Sectors: Chinese Ambassador

China-Britain business relations were making good progress, as a new momentum was building up driven by the Chinese private sectors' investment in Britain, said Chinese ambassador on Tuesday.

While private business were growing stronger and bigger in China, they were also making investment in overseas market, said Liu Xiaoming, Chinese ambassador to Britain, at the second China-Britain CEO dialogue.

Huawei, Jili, Wanda and Sunpower had acquired British enterprises or invested in Britain in recent years, said Liu, pointing out that all these Chinese companies were from the private sector.

"China-Britain business ties will grow stronger as Chinese private sector investment operates more on the global basis," Liu said.

Tom Troubridge, board member of the China-Britain Business Council, said that increasingly the connections between British and Chinese companies were being made in Britain, which was very different from decades ago.

Liu also pointed out that the business model between China and Britain had changed a lot.

"Both sides now can contribute capital, products, services, and ideas. This combination provides brighter future between China and Britain business relations," he said.

Source: Xinhua