After three decades of astounding economic growth, China has successfully transformed from a developing nation into one of the world’s leading trade powers. Since the 1990s, it has averaged an annual GDP growth of 7% and is currently on track to becoming the largest economy in the world. To ensure a sustainable trajectory of economic growth, the Chinese Government has been implementing targeted market reform to preserve the nation’s long-term trading competitiveness. Part of this is through the negotiation and implementation of preferential trade agreements with partner nations. Since the beginning of the 21st Century, Western nations have been drawn to the diverse and expanding range of trading and investment opportunities on offer in the Dragon Economy.
Britain has become particularly reliant on the import and export flow of goods from China to support domestic consumer consumption and its manufacturing industries. Its recent decision to leave the European Union (EU) is anticipated to have a positive impact on Europe-China trade flows, increasing the demand for container ships and container port infrastructure. This edition of China.Action.Money examines the future trade relationship between the EU, Britain and China, and the vital role of shipping containers in supporting the foundations of this relationship.
Read the full report here.