China offers major opportunities for UK companies across the manufacturing value chain according to new University of Cambridge study
China is rapidly developing new capabilities across the manufacturing value chain, beyond its established role in mass production, according to a new University of Cambridge report. The study, by researchers at the Institute for Manufacturing's Centre for International Manufacturing (CIM), identifies many new opportunities for UK companies as a result of China’s continued rapid economic growth.
The report's publication follows a recent call by prime minister Gordon Brown to double Britain's exports to China over the next 18 months - from £5 billion to £10 billion. Last November the Chinese authorities announced a £400 billion fiscal stimulus which, it is believed, will help create business for British firms.