peter manning head of international trade, essex county council

Peter ManningHead of International Trade, Essex County Council

2

3

Relationships Matter -Identifying Mutual Benefits

Increase outward investment Promotion, intelligence

Increase tourism Museum exchanges

Civic reforms Training programmes

Exports Seminars, networking

4

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

5

Jiangsu GDP (2010)

2005 - 2010

Average GDP Growth Rate: 13.5% (2011 = 9.2%)Service Industry: 40%

6

Attractive to foreign investors

Paid-in Foreign Capital

7

• 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

8

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

9

Opportunities for Suffolk

• Inward investment• Tourism• Exports• School links

10

Inward Investment

11

Tourism

12

Exports

Source: FT

13

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

14

School links

Peter ManningHead of International Trade, Essex County Council

peter.manning@essex.gov.uk

07766 603440