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Message of Congratulations from H.E. Ambassador Liu Xiaoming to the CBBC's Fifth Annual China Business Conference

(From Chinese Embassy in UK)

2017/03/28

(28 March 2017)

Lord Sassoon,
Members of CBBC,
Ladies and Gentlemen:

I am happy to join you via video and send you my warmest congratulations on the opening of the CBBC's Fifth Annual China Business Conference.

"No pains, no gains." 2016 has been a year in which the Chinese and British business communities took the pain together and reaped the gain together.

China-UK business cooperation withstood the test of the uncertainties of Brexit.

Many of the agreements and outcomes of President Xi Jinping's state visit to the UK have come to fruition.

UK companies and their Chinese partners have had productive cooperation in trade, investment, financial services, infrastructure and local projects.

On the national level, economic and commercial cooperation between our two countries continued to expand.

UK continued to be China's second largest trading partner in the EU.

Chinese investment continued to flow into Britain, highlighted by the signing of the package deal of Hinkley Point C and the issuance of sovereign bond and green bond in London.

These achievements would not have been possible without the concerted efforts of people from all sectors in both countries. This certainly includes the dedication and contribution of the CBBC and its members. Last year, the CBBC issued the China-Britain Belt and Road Case Studies Report and the Report on "Made in China 2025". You also hosted the 4th China Outbound Conference and the Great British Brands Festival. Your effective efforts to bridge the Chinese and British businesses have been widely recognized.

Looking ahead into 2017, both China and Britain have much to expect.

On China's agenda, we have the 19th National Congress of the Communist Party of China, we will hold the Belt and Road Forum for International Cooperation in May, and the ninth BRICS Summit in September. We will continue to implement the 13th Five Year Plan and advance supply side structural reform. Last month, we just rolled out 20 new measures to attract foreign investment. These measures will greatly increase access to the service, manufacturing and mining sectors in China. They will help create an investment-friendly environment that is open, fair and convenient.

Here in the UK, the government is committed to building a truly "Global Britain". That means the UK will ensure a more open and free business environment at home, seek trade deals with other countries and continue to champion for free trade. Britain is also working on a modern industrial strategy. This will focus on improving productivity and key technologies and skills. It will aim to upgrade energy and transportation infrastructure. It also means significant input in R&D and innovative industries.

Both China's agenda and the UK's development strategy offer enormous new opportunities. I hope you will not let them pass you by. Seizing these opportunities will help the business community overcome the uncertainties of Brexit. I hope you would look into the economic development strategies of both China and Britain, to identify the matching points and converging interests, so as to elevate our trade and economic cooperation to a new high. I also hope that we should have closer collaboration that incorporates the industry, university and research institution. At the same time, we should stand shoulder to shoulder against protectionism. We should join hands to promote free trade and healthy development of economic globalization.

Opportunities also exist in the "Belt and Road" Initiative. I call on the business community to go out and seize them. China and Britain have respective strengths in trade, investment, financial and legal services, infrastructure, etc. By matching up our respective advantages with the development needs along the "Belt and Road", we are able to engage in win-win cooperation as we work together to develop a third country market. The "Belt and Road" initiative will create new and broad space for China-UK cooperation. That will add a brilliant dimension to the global comprehensive strategic partnership between our two countries.

CBBC has always been a bridge between Chinese and British business communities. In 2017, I will continue to count on you as a facilitator of China-UK business cooperation. I look forward to your leading role in promoting and deepening China-UK relationship in the "Golden Era".

Finally, I wish the Fifth Annual China Business Conference a complete success!

Thank you!

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