Transcript Peter Manning China - Suffolk County Council

Peter Manning
Head of International Trade, Essex County Council
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Relationships Matter Identifying Mutual Benefits
Increase outward investment
Promotion, intelligence
Increase tourism
Museum exchanges
Civic reforms
Training programmes
Exports
Seminars, networking
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Ranking in China – GDP
Total GDP
1, Guangdong
2, Jiangsu
3, Shangdong
4, Zhejiang
5, Henan
6, Hebei
7, Liaoning
8, Sichuan
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US$ (2011)
838 bn
759 bn
711 bn
506 bn
427 bn
379 bn
348 bn
340 bn
Per Capita GDP US$ (2011)
1, Jiangsu
2, Zhejiang
3, In. Mongolia
4, Liaoning
5, Guangdong
6, Shandong
7, Fujian
8, Jilin
9545
9038
8905
7788
7787
7317
7273
5933
Jiangsu GDP (2010)
2005 - 2010
Average GDP Growth Rate: 13.5% (2011 = 9.2%)
Service Industry: 40%
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Attractive to foreign investors
Paid-in Foreign Capital
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8 airports
6 x 100m + ton ports
124 universities and colleges
1.65 million college students
Over 6,300 scientific research institutions
8.6% of China’s total retail sales
Sales of Consumer Goods
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Reasons to be optimistic
• Urbanisation only 50% complete
• Movement of workers to private sector only 50% complete
• Minimum exposure to toxic assets
• Leverage of companies and households is low
• Large stimulus early on and in 2012
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Opportunities for Suffolk
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Inward investment
Tourism
Exports
School links
Inward Investment
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Tourism
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Exports
Source:
FT
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Emerging Industries
－new energy industry
－biotechnology & new pharmaceutical industry
－new material industry
－energy saving & environment protection industry
－software & service outsourcing industry
－the internet of things
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School links
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Peter Manning
Head of International Trade, Essex County Council
[email protected]
07766 603440