– “I mean, any global brand, whether it’s Mintel, Market Intelligence or Automotive, Retail, Food and Beverage, if you are a global brand, you absolutely have to focus on China, ”said Matthew Nelson, newly appointed Global CEO of Mintel.
– “You are seeing the strength of the rebound in the Chinese retail market, especially the role that e-commerce has played in ensuring that goods and services continue to move as a fast market,” said Kevin Liu , chief representative of China. for Scottish Development International.
by Xinhua writer Sun Xiaoling
LONDON, Oct. 22 (Xinhua) – Giant middle-class-driven consumption, stable economic growth even amid the COVID-19 pandemic, great collaboration on green investments in a mutual desire for the planet. .. These are among the reasons cited by leading UK companies for their confidence in the resilience and vitality of the Chinese economy.
To reduce the impact of the pandemic, British luxury brand Rapport London has focused on the digital economy, experiencing strong double-digit percentage growth in its online business across the globe, particularly in the market China’s booming online.
“The Chinese market is set to become the biggest luxury market by 2025, and we want to be part of that growth,” said Oliver Rapport, CEO of Rapport London, in a recent interview with Xinhua.
“I mean, any global brand, whether it’s Mintel, Market Intelligence or Automotive, Retail, Food and Beverage, if you’re a global brand, you should definitely focus on China, ”Nelson added.
John McLean, newly appointed president of the Institute of Directors (IoD) in the City of London, told Xinhua that Britain has left the European Union and must look east.
McLean noted that China’s emerging middle class is attractive to UK businesses.
McLean said things should change as tourism picks up with improvements not only in economic cooperation but also in terms of bilateral understanding.
“I firmly believe that in a post-COVID era, China will again be that engine,” he said, adding that Britain and China would find a way forward as businesses seek a target to long term.
China is “wonderful and brilliant” in its carbon emissions commitments and the City of London looks forward to continuing strong relations and strengthening green collaboration with Chinese partners, said William Russell, Mayor of the city. from London.
“It is very important to strengthen the collaboration between the two sides,” the mayor told Xinhua in a recent video interview. “One of the areas we want to strengthen is green finance.
Speaking about working with Chinese partners in the field of green finance, Russell said, “I think China has made great strides, and it is moving very fast, and we will continue to work with China to help these. progress. “
The China International Import Expo (CIIE) has given many Scottish companies great access to learn more about the Chinese market, and it has really been “an eye-opening experience” for them, Kevin Liu, Senior China Representative for Scottish Development International (SDI) told Xinhua in a recent interview.
SDI, Scotland’s agency for foreign trade and direct investment, will attend the 4th CIIE in the east Chinese city of Shanghai, which is only about half a month away for the second year in a row.
Speaking about China’s recovery from the COVID-19 hit, Liu said, “You see the strength of the rebound in the Chinese retail market, especially the role that e-commerce has played in helping to ensure that goods and services continue to flow while a fast market. “
“The fact (is) that the Chinese domestic market is still going strong despite many external and internal shocks,” Liu said. “I think the Chinese market would become even bigger, not only for Scotland, but also for the rest of the world.”