British Consul saw great potential for cooperation with Shenzhen
The new British Consul General Alastair Morgan had the chance to visit Shenzhen and saw the potential for cooperation between the two cities. Morgan said the the scope of British engagement in Hong Kong in terms of trade and cooperation will be the same with Shenzhen since Shenzhen GDP is 60 percent of Hong Kong, making git just as viable.
Morgan discussed practical ares in the U.K. Shenzhen cooperation that will include financial services and low carbon technology. British enterprises can help Shenzhen financial services, urban development and pharmaceuticals. Companies in Shenzhen such as Hauwei, BYD and ZTE have lot s of opportunities in the U.K. Britain was also willing to help the city reduce its carbon emissions by introducing experts that will help cope up with the challenge. Guangdong was already chosen as a pilot ares for the U.K. China low carbon cooperation and agreements were already signed.
230 British companies have offices in Shenzhen, but only Huawei and ZTE have branches in U.K. and other companies are asking for the consul general help and support Shenzhen companies to penetrate the U.K. market as well as globally. Shenzhen companies have great prospects in the U.K. and huge changes in the infrastructure and nature of the Chinese economy brought opportunities to the British economy as well.