China continues to be the second largest non-EU trading partner for the UK with trade flows of £22.3 billion exports to China and imports of £45.2 billion (per the House of Commons briefing paper 7379 Statistics on UK Trade with China - February 2019). With various geopolitical forces in play ranging from the US stance on China through to Brexit, the UK remains an important market to China and China becomes an even more important market to the United Kingdom. In recent times, Chinese domestic businesses continue to enhance their global footprint. In past years, we have seen Chinese businesses, in particular property and technology sectors, grow through organic investment into the UK. The China Daily reported in February 2019 that the UK was the largest recipient of China outbound FDI at $4.95 billion, surpassing that of US at $4.8 billion. Great Britain has a traditional approach of welcoming foreign investment and as such, we expect to see a continual and successful partnership between the UK and China.
Our designated China desk has the insight and experience to assist both Chinese investors into the UK and UK companies expanding into China. Working closely with our colleagues at RSM in China, we can offer specialist advice and support tailored to your particular business needs.
For more information on our services in China please contact Paul Watts - Head of Asia Pacific and China Desks.
Given the dramatic rise of the Indian economy over the past few years, together with the continuing relaxation of government restrictions, India provides massive opportunities for UK businesses looking to invest and grow internationally.
Furthermore, the success of businesses in India has significantly increased the appetite of Indian businesses seeking new global opportunities, including significant investment in the UK.
Our dedicated India desk provides advice and practical assistance to UK businesses wishing to explore business opportunities in India and to companies and individuals from India wishing to conduct business or invest in the UK.
Working closely together with our RSM member firm in India, we use our substantial technical and commercial expertise to provide a seamless service across the UK/India corridor to help companies maximise opportunities both in India and the UK.
For more information on our services in India please contact Suneel Gupta - Head of India Desk.