{"id":14540,"date":"2024-09-06T12:30:00","date_gmt":"2024-09-06T12:30:00","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=14540"},"modified":"2025-04-23T08:57:56","modified_gmt":"2025-04-23T08:57:56","slug":"how-wales-is-attracting-chinese-investment","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/how-wales-is-attracting-chinese-investment\/","title":{"rendered":"How Wales is attracting Chinese investment"},"content":{"rendered":"\n

Ahead of CBBC\u2019s UK Investment Conference on 24 September, Darryn Lewis<\/strong>, Head of Inward Investment<\/strong>, Welsh Government<\/strong>, tells Tom Pattinson<\/strong> what makes the Welsh economy so attractive to investment from China and beyond, and how investment from Chinese companies is changing<\/h2>\n\n\n
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Are there any sectors that Wales is specifically targeting from China?<\/strong><\/h4>\n\n\n\n

Every incoming business is vital to us. And we do everything we can to help, be it large companies setting up advanced manufacturing or assembly plants, medtech companies looking to partner with leading Welsh research institutes or renewable companies looking to invest and get access to the local supply chain opportunities.\u00a0As a small country, Chinese incoming companies will have more direct access to opinion formers and decision-makers within the Welsh Government. Wales has particular strengths in compound semiconductors, advanced manufacturing, medtech, renewable energy and cyber security, and we look for opportunities to promote our strengths and attract investment from global investors in each of these sectors when we can.\u00a0<\/p>\n\n\n\n

What kind of Welsh businesses has China traditionally invested in?<\/strong><\/h4>\n\n\n\n

The manufacturing sector in Wales is traditionally a major employer, with key sectors such as aerospace and automotive. We have a wealth of enthusiastic, skilled workers and graduates from our Welsh universities that incoming Chinese investors can easily access.\u00a0Over the years, we welcomed Chinese investors and helped them to set up advanced manufacturing and assembly plants in Wales to better serve the UK and European markets, and beyond.<\/p>\n\n\n\n

Chinese companies coming to Wales are also taking advantage of the research capabilities of Welsh universities and centres of excellence to advance their technologies and improve their overall capability.\u00a0This is not surprising. South Wales has been identified as one of the fastest-growing technology clusters in the UK in an official report published by Tech Nation.<\/p>\n\n\n\n

Wales offers prospective businesses a low-risk, competitively priced entry option into the UK\/European market, allowing investors to explore opportunities within the Wales ecosystem without having to incur heavy costs. <\/p>\n\n\n\n