Chinese firms in UK post highest growth

Chinese companies in the United Kingdom posted strong financial results last year, with businesses from both countries optimistic about future collaboration, according to a report by the China Chamber of Commerce in the UK.

According to the 2024 Report on the Development of Chinese Enterprises in the UK, which was released Wednesday, around 53 percent of surveyed firms reported being profitable last year, the highest proportion since the chamber started conducting the annual survey in 2020.

More than 92 percent expect their revenue to be stable or even increase in the next two years, and 64 percent are "likely" or "very likely" to collaborate with British partners in the future, the report said.