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County businesses aiming to strengthen economic ties with China

16 April 2018

Chinese officials are visiting a number of county businesses to discuss potential opportunities for closer economic ties with Lincolnshire.

Chinese officials are visiting a number of county businesses to discuss potential opportunities for closer economic ties with Lincolnshire.

Around 70 industry leaders and government officials from the booming Hunan province will arrive on Thursday 19 April.

They will meet with local business leaders to explore the benefits of collaboration on areas like new technology, innovation and productivity, as well as strengthening ties within sectors such as food, engineering and education.

During the day, the delegation will visit Holbeach Technology Park, Stokes, Imperial Tea, Immingham Docks, the University of Lincoln, Bishop Grosseteste University and Lincoln College.

Cllr Colin Davie, executive member for economy and place, said:

“There’s enormous potential for our local businesses to do more with China, and Hunan in particular.

“China has become one of the largest and most important export markets in the world. Many county firms already have strong ties there and we want to build on that foundation.

“We have a lot in common with Hunan and, with our formal relationship with the province recently being given the official seal of approval by Beijing, it’s the ideal time for us start taking things forward.

“I look forward to welcoming our friends to the county and showing them some of the best we have to offer during what I’m sure will be another fruitful visit.”

Hunan is home to more than 68m people and its economy is worth around £385bn per year. Traditionally a rice and cotton growing area, Hunan has been developing its machinery, steel, tobacco and food processing, and electronics sectors, as well as new creative industries, such as broadcasting and motion pictures.

Key facts

 HunanGreater Lincolnshire
Population68,600,0001,075,400
Size (km2)211,8006,959
Population Density (persons per km2)324154
GDP (GVA)£385bn£20.6bn
GDP per capita (GVA per head)£5,633£19,300

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