Messages from Export Week
UK Trade & Investment (UKTI) launched its North West Export Week on 7 April, with an event focusing on export opportunities in south-east Asia, in particular China. The attraction of this region as an export market is obvious and highlighted further by the 7.4 per cent growth in China’s economy for the first quarter of 2014, exceeding expectations.
However, a number of cautionary messages emerged from the panel speakers, some economic, some practical, of which potential exporters should take heed.
While still showing impressive growth when compared with other economies, there is no escaping the fact the Chinese economy is slowing from its previous highs and that exports and investment will not be the drivers for growth they once were. For a variety of reasons, the Chinese economy is shifting as a mixture of internal demographics and external influence come to bear…
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