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Sector-specific opportunities in mainland China

Opportunities for UK Businesses in China

UK Trade & Investment (UKTI) publish over 1,000 business opportunities per month across all sectors and over 100 markets. Sign up to receive regular business opportunities alerts at: http://www.businessopportunities.ukti.gov.uk/home.html?guid=none

1) ADVANCED MANUFACTURING SECTOR

China is the second largest energy consumer in the world. It uses about 5 to 15 times more water than equivalent industries in the West. The Chinese government is introducing tough new legislation and targets to change the way Chinese industry behaves.

The Chinese government plans to invest £237 billion in industry over the current 5-year plan to improve manufacturing efficiencies.

Opportunities for UK companies include:

  • environmentally friendly process equipment

  • energy saving technologies

  • waste handling

  • recycling equipment

  • water recovery equipment

  • emissions filtration

  • control equipment

  • education and consultancy in modern techniques in manufacturing

Contact qiurong.zhang@fco.gov.uk for more information on opportunities in China’s advanced manufacturing sector.

Source: UKTI March 2015

 

2) AEROSPACE SECTOR

Airbus forecasts that China will need more than 5,300 new passenger aircraft and freighters from 2014 to 2033, worth USD $820 billion. This represents 17% of world total demand in the next 20 years.

There are also more airports being planned and built than anywhere else in the world. Commercial operators with access to low-level airspace will massively increase the opportunities for private fixed and rotary wing aircraft.

The Chinese space programme is large and growing with increasing links to the UK.

There are opportunities for UK companies with products or technologies in:

  • advanced manufacturing

  • automation

  • composites materials and structures

  • aircraft interiors

  • avionics

  • the airline passenger experience

  • rotary wing vehicles

  • upstream and downstream satellite signal processing

  • air and land-side airport equipment, design and management

  • airport security

Contact qiurong.zhang@fco.gov.uk for more information on opportunities in China’s aerospace sector.

Source: UKTI March 2015

 

3) AUTOMOTIVE SECTOR

China is the world’s largest car market. Sales of 30 million domestic cars are forecast by 2020.The majority are produced in China through wholly Chinese owned manufacturers or Joint Ventures (JV) with leading Western automotive manufacturers.

Opportunities for UK companies are available in:

  • local supply chain investment to modernise vehicle design and manufacture

  • low carbon vehicle technology, including electric vehicles

  • fuel efficiency

  • luxury imports

  • motorsport

  • construction equipment

  • the aftermarket industry

Contact qiurong.zhang@fco.gov.uk for more information on opportunities in China’s automotive sector.

Source: UKTI March 2015

 

4) CONSTRUCTION SECTOR

Real estate developers are now seeking to make large scale developments more attractive and environmentally friendly.

Opportunities for UK companies include:

  • master planning

  • architectural design

  • property management

  • green building technology

  • interior design

  • design for leisure and aged care

  • air monitoring technology

  • soil remediation solutions

Contact patrik.li@fco.gov.uk for more information on infrastructure opportunities.

Source: UKTI March 2015

 

5) CONSUMER & RETAIL SECTOR

CBBC’s report on China’s middle income consumers outlines the huge changes taking place in Chinese consumption. 12% retail growth is expected for the next three years.

China is now the world’s largest market for:

  • groceries

  • luxury goods

  • e-commerce

There are opportunities for UK companies in:

  • selling products on one of China’s many e-commerce platforms

  • promoting products on social media

  • luxury fashion

  • food and drink

Contact kirk.wilson@fco.gov.uk for more information on retail opportunities in China.

Source: UKTI March 2015

 

6) CULTURE AND EXPERIENCE ECONOMY SECTOR 

There is strong Chinese government backing for culture and sport.

Opportunities for UK companies include:

  • TV and animation programme licensing and co-production

  • gaming, in particular mobile gaming

  • film, visual effects and post-production

  • interior, product and industrial design services

  • advertising and marketing

  • theme park and leisure attractions

  • museums and other cultural venues

  • promotion of ‘elite’ sports such as equestrian, sailing and golf

Contact tom.simpson@fco.gov.uk for more information on opportunities in China’s culture and the ‘Experience Economy’ sector.

Source: UKTI March 2015

 

7) OIL & GAS SECTOR

China is the world’s largest energy consumer using over 20% of world energy. Demand is expected to grow by 72% by 2030.

The state-owned ‘Big three’ of Sinopec Group, China National Offshore Oil Corp. (CNOOC) and China National Petroleum Corp. (CNPC) have spent around USD 200 billion on foreign acquisitions and joint ventures.

China’s offshore reserves are in marginal fields. These require deep-water surveying, more sophisticated geological modelling and the expertise to drill in high-pressure and high temperature environments.

Opportunities in China’s oil and gas production and supply include:

  • safety

  • subsea engineering

  • High Pressure, High Temperature (HPHT) field developments

  • oil and gas process machinery, equipment and technology

  • deep water oil and gas developments

  • integrated services for the operation and maintenance of fields

  • late life operation of mature fields

Contact patrik.li@fco.gov.uk for more information on opportunities in the oil and gas sector.

Source: UKTI March 2015

 

8) FINANCIAL, PROFESSIONAL & BUSINESS SERVICES SECTOR

Liberalisation and more transparent regulation of China’s insurance market are expected to create significant opportunities. China’s rapidly growing middle-class and aging population is creating a demand for life and non-life insurance products.

Policy changes to RMB Qualified Foreign Institutional Investors (RQFII) were introduced in March 2013. These have loosened market entry requirements for registered financial institutions and asset managers with major operations in Hong Kong.

There are opportunities for UK financial and professional service companies in:

  • insuring China’s huge, uninsured population

  • developing insurance for weather-related risks in China

  • asset management

  • advising on corporate finance and protection of Intellectual Property (IP)

  • advising Chinese firms on resolution methods and working these into contracts

  • advising Chinese companies on how to present themselves to potential investors

  • providing restructuring advice to help increase efficiency, list on the Stock Exchange and engage in Mergers and Acquisitions (M&A)

Contact anatole.pang@fco.gov.uk for more information on opportunities in China’s financial services sector.

Source: UKTI March 2015

 

9) LIFE SCIENCES & HEALTHCARE SECTOR

Access to healthcare has increased following huge investment. However, China still faces challenges including:

  • widening urban and rural disparity

  • an ageing population

  • restricted resources

  • outdated technologies

The NHS is a selling point in China. UK capabilities in healthcare-related goods and services provide an ideal match for China’s national healthcare objectives.

Opportunities for UK companies are available in:

  • prevention and control of chronic diseases such as diabetes, cancer and asthma

  • upgrading or replacing many of China’s 22,000 hospitals

  • facilitating the spread of digital health technology to provide instant access to health services and information

Contact anna.zhao@fco.gov.uk for more information on life sciences and healthcare opportunities in China.

Source: UKTI March 2015

 

10) MARINE SECTOR

China is the world’s leading ship building nation with 45% of all orders by gross tonnage.

It’s now looking to increase its capabilities in higher margin, complex vessels opening up opportunities for UK Small and Medium Enterprises (SMEs) to supply equipment and services. China’s estimated spend in the area would be about £9 billion between 2015 and 2018.

There are opportunities for UK companies in:

  • marine systems and equipment

  • design

  • ship operations

  • ship yards

Contact qiurong.zhang@fco.gov.uk for more information on opportunities in China’s marine sector.

Source: UKTI March 2015

 

11) POWER GENERATION SECTOR

China has very ambitious plans for domestic nuclear new build. International cooperation is not discouraged, but competing against China’s lower cost-base makes this difficult.

The National Energy Administration’s (NEA) target for nuclear installed capacity in China is 58GW by 2020, with a further 30GW planned. 26 nuclear power reactors are under construction in addition to the 22 already in operation.

Chinese nuclear enterprises are looking for established partners with whom they can work with internationally.

UK companies should:

  • establish long-term strategic partnerships with Chinese enterprises

  • collaborate internationally in targeting overseas markets (including the UK)

  • secure reciprocal opportunities in China’s home market as part of this arrangement

  • sell UK experience and expertise in waste management and decommissioning

Contact patrik.li@fco.gov.uk for more information on opportunities in the power generation sector.

Source: UKTI March 2015

 

12) RENEWABLES SECTOR

China leads the world in renewable energy. It installed 20.7 gigawatts of wind power in 2014, nearly half of the world’s total. China has ambitious plans for offshore wind, but has struggled to implement them.

The UK signed a Memorandum of Understanding (MOU) on offshore wind cooperation with China in September 2013.

Opportunities for UK companies include:

  • feasibility studies and modelling

  • front-end engineering and design

  • environmental assessment and risk management

  • offshore substations

  • marine cabling supply and installation

  • installations and servicing

  • consultancy and design

Contact patrik.li@fco.gov.uk for more information on opportunities in the renewables sector.

Source: UKTI March 2015

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