{"id":5264,"date":"2020-07-14T15:40:23","date_gmt":"2020-07-14T15:40:23","guid":{"rendered":"http:\/\/focus.cbbc.org\/?p=5264"},"modified":"2025-04-23T10:07:52","modified_gmt":"2025-04-23T10:07:52","slug":"uk-jobs-dependent-on-links-to-china","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/uk-jobs-dependent-on-links-to-china\/","title":{"rendered":"UK jobs dependent on links to China: <a href=\"http:\/\/cbbc.org\">CBBC<\/a> Report with Cambridge Econometrics"},"content":{"rendered":"<h2 class=\"widget--news__title\">A new report by Cambridge Econometrics commissioned by <a href=\"http:\/\/cbbc.org\">CBBC<\/a> shows that nearly 150,000 jobs depend on links with China<\/h2>\n<div class=\"widget--news__text\">\n<div>\n<p>The UK\u2019s growing economic ties with China now support well over 100,000 British jobs across sectors from tourism to electronics and engineering, according to a new study by Cambridge Econometrics (CE) released on Tuesday.<\/p>\n<p>In its report, CE estimates that a combination of the UK\u2019s burgeoning trade with China, allied to the fast-growing numbers of Chinese tourists and students, now help provide work for between 124,000 and 149,000 full-time employees. The research was commissioned by the China-Britain Business Council, which is the UK\u2019s independent voice of business, supporting trade and investment between the UK and China.<\/p>\n<p>The report\u2019s findings provide clear evidence of the tangible benefits to British livelihoods that stem from the UK\u2019s open trading relationship with China, said Matthew Rous, Chief Executive of the <a href=\"http:\/\/cbbc.org\">CBBC<\/a>.<\/p>\n<p>\u201cThis report shows that the remarkable growth in the UK and China\u2019s economic ties in recent years has become a major factor in supporting British jobs,\u201d said Rous.\u00a0\u201cThat\u2019s a testament to the hard work put in by hundreds of British companies to expand their businesses in China.\u201d<\/p>\n<p>The sharp rise in UK exports to China in recent years is a key factor behind the high number of jobs now provided by British companies doing business with the world\u2019s second-largest economy. Last year, China was the UK\u2019s third largest export destination, after the US and EU, up from 15th place back in 1999.<\/p>\n<\/div>\n<blockquote><p>The remarkable growth in the UK and China\u2019s economic ties in recent years has become a major factor in supporting British jobs<\/p><\/blockquote>\n<div>\n<p>In turn, shipments to China now support 60-80,000 jobs at British goods exporters, CE estimates \u2013 with about half of those accounted for by companies in the mining and quarrying, transport equipment and electronics sectors.<\/p>\n<p>And while the UK\u2019s services exports are much lower than its goods exports, they still help to provide employment for between 30- and 35,000 workers, CE estimates, with jobs in architecture\/engineering and business support services among the most prominent.<\/p>\n<p>Among the report\u2019s other striking findings is evidence of the huge value to the British economy from the large numbers of Chinese visitors to the country, pre-pandemic. The UK recorded over 1 million visits from Chinese tourists last year, up more than fivefold from 2009. Chinese nationals spent \u00a31.9 billion in the UK last year, nearly 7% of all spending by overseas visitors here.<\/p>\n<p>This remarkable surge in Chinese tourism is responsible for supporting over 16,000 jobs, CE estimates, with most coming from accommodation and retail and financial services.<\/p>\n<p>British universities have seen a surge in Chinese student numbers recently too: Some 120,000 people enrolled in UK courses last year \u2013 around one-quarter of all foreign students. Spending by those students \u2013 around \u00a31.9 billion in the 2018-19 academic year, supports an estimated 17,600 jobs, according to CE estimates.<\/p>\n<p>Chinese investment in the UK is another important source of job support, the report finds. That investment is still low, relatively speaking: the stock of Chinese FDI in the UK has remained between \u00a31.7 and \u00a32.3 billion in recent years, around 0.2% of the global total. Even so, CE estimates (citing government figures) that Chinese investment helped create 9,000 jobs between 2016\/17 and 2018\/19.<\/p>\n<p>Click\u00a0<a href=\"http:\/\/www.cbbc.org\/cbbc\/media\/cbbc_media\/4.%20Files\/UK-Jobs-Dependent-on-Links-to-China.pdf\"><strong>HERE<\/strong><\/a> to read the report<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new report by Cambridge Econometrics commissioned by CBBC shows that nearly 150,000 jobs depend on links with China The UK\u2019s growing economic ties with China now support well over 100,000 British jobs across sectors from tourism to electronics and engineering, according to a new study by Cambridge Econometrics (CE) released on Tuesday. In its report, CE estimates that a combination of the UK\u2019s burgeoning trade with China, allied to&hellip;<\/p>\n","protected":false},"author":4,"featured_media":5265,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[132],"tags":[245,741,2003,2427,746,396,137],"class_list":["post-5264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-education","tag-engineering","tag-jobs","tag-paywall","tag-relations","tag-tourism","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK jobs dependent on links to China: CBBC Report with Cambridge Econometrics - Focus - China Britain Business Council<\/title>\n<meta name=\"description\" content=\"A new report commissioned by CBBC says that up to 150,000 jobs rely on China, in industries ranging from engineering and education to tourism.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/focus.cbbc.org\/uk-jobs-dependent-on-links-to-china\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK jobs dependent on links to China: CBBC Report with Cambridge Econometrics - 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