{"id":13501,"date":"2024-01-05T08:00:34","date_gmt":"2024-01-05T08:00:34","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=13501"},"modified":"2024-01-05T10:06:49","modified_gmt":"2024-01-05T10:06:49","slug":"read-cbbcs-annual-report-2022-2023","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/read-cbbcs-annual-report-2022-2023\/","title":{"rendered":"Read CBBC’s Annual Report 2022-2023"},"content":{"rendered":"

The China-Britain Business Council recently announced the publication of its Annual Report 2022-2023, which brings together highlights of CBBC\u2019s achievements in membership and commercial activities, as well as its financial statements.<\/h3>\n

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Below is an extract from CBBC Chair Sir Sherard Cowper-Coles\u2019 foreword to the report:<\/h4>\n

I am delighted to introduce this Annual Report for 2022-2023, after a busy and successful year for the China-Britain Business Council. UK exports to China broke a new record in 2022, growing over 35% to \u00a338 billion. Two-way trade was over \u00a3110 billion. This underlines the importance of the China opportunity for UK business. And at a time when rebuilding economic growth is the top national priority, and with exports and inward investment key drivers of that growth, it underlines the importance of the UK-China trade and investment relationship to the UK economy and employment.<\/p>\n

While businesses felt the effect for some of the year of pandemic restrictions in China, the ending of lockdown<\/a> measures in late 2022 helped set the stage for a welcome normalisation of business activity and for the further growth of this critical trade and investment relationship with the world\u2019s second-biggest economy.<\/p>\n

The China-Britain Business Council is proud of its role as the voice and the vehicle for this vital business relationship.<\/p>\n

Meanwhile, geopolitical tensions had an impact on business confidence, with Russia\u2019s invasion of Ukraine<\/a> and, at the time of writing, the conflict between Hamas and Israel adding new elements to those geopolitical differences.<\/p>\n

The China-Britain Business Council continued to support our members in navigating these challenges via the range of Membership activities and services we provide, and by championing the importance of the UK-China business relationship.<\/p>\n