London tops for Chinese investment
15% off all Chinese FDI has gone to London since 2002
London is Europe’s top city for foreign investment from Chinese companies,
according to the
Ernst
& Young European Investment Monitor.
Since 1997, London has attracted 34 Chinese foreign direct investment
(FDI)
projects, with 27 of these projects having been completed since 2002.
The City has attracted 15% of all
Chinese
FDI into Europe since 2002, the highest share for any European city.
Furthermore trade between the UK and China has more than doubled over the
past five years – in 2004 alone, investment into London from greater China
totalled £120 million.
Further reading:
UK businesses establishing foothold in China
Chinese institute recruits ACCA