Scottish Conservative and Unionist Party Welcomes Chinese Investment

On 29 November, Chinese Consul General in Edinburgh Mr. Pan Xinchun met with Ruth Davidson, the leader of the Scottish Conservative and Unionist Party. 

Consul General Pan briefed Davidson on China's overseas investment. He said China has now became one of the biggest outward investment countries in the world. Chinese enterprises work hand-in-hand with their counterparts in the spirit of mutual respect and trust to achieve wins for both sides, enjoying a good reputation and warm reception worldwide. The UK is a main destination for Chinese outbound investment in the Europe. For the past five years, Chinese investment in Britain has surpassed its combined investment in Germany, France and Italy.


Consul General Pan spoke highly of the fruitful results in exchanges and cooperation between China and Scotland in fields of economy, trade, education, culture, etc. He indicated that with the rapid development of economic and trade cooperation, a growing number of Chinese businesses come to invest in Scotland. For example, Chinese automobile company BYD and Alexander Dennis Limited (ADL) have cooperated in joint venture project in manufacturing electric buses. China's State Development and Investment Corporation (SDIC) has invested in two large-scale offshore wind farms in Scotland this year. Recently, China's online travel firm Ctrip has bought Skyscanner, the Edinburgh-based travel search business. In addition, the educational and cultural exchanges and cooperation have carried on smoothly. So far, five Confucius institutes have been established in Scotland, the most Confucius Institutes in the world by population proportion. About forty Chinese artistic troupes participated in the Edinburgh Festival this year. 

Davidson said that China's "One Belt, One Road" initiative and the"Golden Era" of China-UK relations provide valuable opportunities for cooperation between China and Scotland. As Scotland is part of the UK, like others, the Scottish Conservative and Unionist Party attaches great importance to developing good cooperative relationship with China, and welcomes Chinese businesses to invest and develop in Scotland. 2017 will see the 45th anniversary of the establishment of Sino-British ambassadorial diplomatic ties. The Party is willing to promote further cooperation between China and Scotland.

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