By Jonathan Davies
The UK will quadruple its investment in China within the next five years, according to a new report.
The Branching Out: Investment Opportunities in China in 2020 report, found that as Chinese investors continue increase their stakes in British companies, UK investors are planning to return the favour.
The UK's direct investment into China was £6.7bn in asset stocks last year, according to King & Wood Mallesons. But the law firm expects that figure to rise to £26bn by 2020.
The report said China is becoming one of the world's most buoyant markets for foreign investors. Opportunities are expected to reach £1.3tn by 2020, up from £667bn in 2014.
“Over recent years, the Chinese authorities have taken steps to make investment into China easier and to change investor perceptions of the Chinese market and its opportunities,” said Stuart Fuller, global managing partner at King & Wood Mallesons.
“The government has identified a range of areas that need foreign investment so that China can meet domestic demand and successfully rebalance its economy towards quality growth.”
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