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Peter ManningHead of International Trade, Essex County Council
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Relationships Matter -Identifying Mutual Benefits
Increase outward investment Promotion, intelligence
Increase tourism Museum exchanges
Civic reforms Training programmes
Exports Seminars, networking
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Ranking in China – GDP
Total GDP US$ (2011)
1, Guangdong 838 bn 2, Jiangsu 759 bn3, Shangdong 711 bn4, Zhejiang 506 bn5, Henan 427 bn6, Hebei 379 bn7, Liaoning 348 bn8, Sichuan 340 bn
Per Capita GDP US$ (2011)
1, Jiangsu 95452, Zhejiang 90383, In. Mongolia 89054, Liaoning 77885, Guangdong 77876, Shandong 73177, Fujian 72738, Jilin 5933
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Jiangsu GDP (2010)
2005 - 2010
Average GDP Growth Rate: 13.5% (2011 = 9.2%)Service Industry: 40%
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Attractive to foreign investors
Paid-in Foreign Capital
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• 8 airports• 6 x 100m + ton ports• 124 universities and colleges• 1.65 million college students• Over 6,300 scientific research institutions• 8.6% of China’s total retail sales
Sales of Consumer Goods
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Reasons to be optimistic• Urbanisation only 50% complete• Movement of workers to private sector only 50% complete• Minimum exposure to toxic assets• Leverage of companies and households is low• Large stimulus early on and in 2012
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Opportunities for Suffolk
• Inward investment• Tourism• Exports• School links
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Inward Investment
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Tourism
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Exports
Source: FT
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Emerging Industries
- new energy industry
- biotechnology & new pharmaceutical industry
- new material industry
- energy saving & environment protection industry
- software & service outsourcing industry
- the internet of things
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School links