China is the largest emerging-market country and currently the second biggest economy in the world. Projections suggest it will overtake the US as the largest economy in the world by 2030.
Sheffield City Region is therefore building upon these existing partnerships and growing its trade and investment links with the country.
With an economy of £34bn the Sheffield City Region is connected to the great cities and regions of the North. Chinese investment is already helping unlock new developments in cities including Manchester, Liverpool and Sheffield, while Northern businesses are major exporters of both goods and services into the Chinese economy.
Today, powered by a resurgent economy, our goods and services spread across the globe by road, rail and air. We are bold about our future and positive about the potential to build relationships with the rest of the world. In China we have a natural partner.
A partner that faces the same challenges of transitioning to the new digital and tech led world, of ageing populations, of shifting from heavy industry to a greener and cleaner economy and ensuring our workforce has the skills required to thrive in the mid 21st century.
In October 2018 Dan Jarvis, Mayor of the Sheffield City Region led a delegation to Dalian, east China which you can read about here. And in 2017 Sheffield hosted the Horasis China Meeting, attended by 300 international delegates. The investment pitchbook we used for this can be viewed and downloaded here.
The Sheffield City Region (SCR) and China may be 5,000 miles apart but through business and civic partnerships, and our two world-leading universities which are attracting ever-increasing numbers of Chinese students, we are now closer than ever before.
In October 2019, Rachel Clark, Director of Trade and Investment at Sheffield City Region and Richard Stubbs, Chief Executive Officer, Yorkshire & Humber Academic Health Science Network & Sheffield City Region LEP Board Member, visited China to further enhance our relationship with this important investment partner. This included meetings in Xi’an at the Industrial Development Zone with contacts involved with Advanced Manufacturing. They also visited the World Intelligent Manufacturing Conference in Zhengzhou, plus an Industrial park to meet companies specialising in medical apparatus and life sciences.