Sajid Javid showcases the Midlands Engine to Chinese investors
Monday February 29th, 2016
Business Secretary Sajid Javid will oversee the signing of commercial UK-China contracts in Birmingham with the Chinese Minister of Commerce Gao Hucheng.
This is part of the UK-China 12th Joint Economic and Trade Commission (JETC) to boost cooperation and understanding between the 2 countries.
The UK attracts up to a third of all Chinese investment into Europe over the past 2 years and the Business Secretary will use the visit to highlight the investment opportunity in the Midlands.
UK Trade and Investment Minister Lord Maude will also meet with the Chinese Minister and his delegation to show them the site of the HS2 development in Curzon Street.
The Midlands Engine is worth £222 billion each year to the UK economy and if the region matches the predicted growth rate for the UK over the next 15 years, it could create 300,000 jobs and boost the national economy by £34 billion.
Business Secretary Sajid Javid said:
“Today’s visit by Chinese Minister of Commerce Gao Hucheng to Birmingham was a great opportunity to showcase the Midlands as an engine for growth and investment. The UK is the leading destination for Chinese businesses bringing economic and jobs benefits not only to the Midlands but to the UK as a whole.”
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