As the UK prepares to leave the European Union, China is exploring opportunities to deepen trade ties post-Brexit.
The Shenzhen Council for the Promotion of International Tradeholds events globally, aiming to promote cultural interaction and economic cooperation in global markets, with the most recent one being in London.
Shenzhen, located north of Hong Kong, boasts a strategic geographic advantage and a booming economy that is home to 2,800 garment companies and 1,000 clothing brands that employ over 300,000 people.
Shenzhen represents over 60% of the market in China’s clothing industry, with underwear production alone garnering annual output value of $5.6bn. It is also the largest production base for global eyewear brands, as well as hosting a nearly £17bn jewellery industry.
With an integrated strategy between Guangdong Province, Hong Kong and Macau (the Greater Bay area) to improve international links, the aspirations of Shenzhen’s fashion industry to access the global market have increased. Shenzhen’s fashion industry is well-known for its innovation and quality, taking the lead in the era of intelligent manufacturing.
The Deputy Director of the Shenzhen Council for Promotion of International Trade, Guo Jingwei, shared to a crowd of British industry professionals and trade partners the investment environment, industrial advantages and partnership opportunities for Britain and Shenzhen.
Bringing Britain and China closer together will encourage growth prospects in fields such as technological innovation, intelligent manufacturing and the creative industries. As Shenzhen continues to grow and transform, The Shenzhen Council for the Promotion of International Trade is confident that partnerships with the UK will stimulate innovation, brand-building and international expansion.