China - Trends For 2014

The year 2014 is the Lunar Year of the Horse which is traditionally thought to be a zodiac sign of high activity and energy. But what will this year hold for those working on projects in and with China? We look ahead at the key areas in construction, investment and arbitration.

Closer ties for China and the UK

In 2013, the UK government led a charm offensive in China with both the Chancellor and the London Mayor taking delegations to the Far East to improve bilateral investment ties. The value of this relationship to the recovering UK economy was recently confirmed by the Chinese Ambassador who noted a record high of over £40 billion in bilateral trade in 2013. With an increase in UK exports to China of almost 14% last year and China directly investing over £7 billion in the UK over 2012-13, it is clear that projects both here and in China will continue to be supported by both countries.