Chinese travel trade agreement paves the way for new

The Journal Travel to China paved the way for a series of new agreements for the company's Tyneside. Mineral & Chemical Services (www.minchemical.co.uk), registering on market share latest visit in China, organized by UK Trade & Investment, in an effort to explore opportunities for processed mineral products and chemicals, which serves a variety of industries from aerospace, refractory, paint and paint surfaces. Launched in 2005, the company Wallsend exported to all over the world including Europe, the Middle East and China, but would like to further develop its potential in China. Patrick Hegarty, managing director of Mineral & Chemical Services, explains: "I have traveled to the Asian market, including China before, but this was my first experience as part of the appropriation Market Visit the area and I was very impressed overall service. "As a result of this visit, we secured an order worth more than $ 55,000 and are now looking to appoint a representative in Shanghai and expects total sales to customers in China to about $ 400,000 in the next 12 months. We are also targeting about 10 other customers with the quality of the same size in China. ' Ron Seymour, one of the UK Trade & Investment International Trade Adviser, working with companies to identify the best way to address the market and the support provided by specialist Dr Yang Zhengming UK Trade & Investment in China business development manager, said: " China is one of the fastest growing economies in the world and in 2009 the UK exported to Hong Kong alone amounted to £ 3.5bn, making the export market to the 14th largest in the UK. This year, the UK-export of goods to China is 45% to £ 3.6bn and China is very important for the future of the UK economy. ' Chinese-English factfile China is the second largest economy in the world in nominal U.S. dollars. In 2009, China's economy grew by 8.5%, the best performance of all the major economies of the world. China is roughly the same size as the United States, with a population of 1.3 billion. There are 122 cities in China with more than one million people in 2008. Bilateral trade in goods and services between Britain and China was U.S. $ 51.8bn in 2009. UK £ 7.7bn of exports to China in 2009. Britain aligned with Germany as the largest European investor in China (in aggregate terms), with at least 25% of the EU total. The number of shares of British realized investment in China reached U.S. $ 16.9bn at the end of August 2010. Currently, China is the sixth largest investor in the UK by number of projects, with 1572 jobs associated with Chinese investment. In the past three years, Chinese companies have committed to over 50 R & D project collaboration. China's investment in clean energy in 2009 was $ 34.6bn, the highest in the world. At the end of September 2010 there were 89 million cars in China - 13 million of which were sold in the first nine months of 2010. China surpassed the United States to become the largest car market in 2009. China currently produces more than one million cars per month. China is the largest mobile market: more than 833 million subscribers (as of September 2010) and the maximum use of the Internet, 420 million users (as of July 2010). China has overtaken the United States to become the world's second largest luxury goods market after Japan.