The Chinese Ambassador to the UK has committed to hosting round table discussions at the Chinese Embassy between island businesses and British-based Chinese firms in a bid to boost bi-lateral trade.
His Excellency Ambassador Lui Xiaoming was on a 4-day visit to Jersey to promote co-operation and renew friendships, with a packed schedule covering political and business meetings, visiting historical and heritage sites and even a trip to one of the sheds where floats were being finished for the annual Battle of Flowers parade.
The Ambassador said that the meetings at the Embassy will be across the finance and non-finance sector and ensure that Chinese firms in London can be introduced to Jersey businesses and understand better what Jersey can offer them. He believes that there is significant scope for growth particularly for the tourism sector, with approximately one million Chinese tourists now travelling to the UK each year. In addition Jersey could have a very big role to play in the internationalisation of the Renminbi market and the potential for Chinese banks opening branches here.