Peter Manning Head of International Trade, Essex County Council

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3 Relationships Matter - Identifying Mutual Benefits Increase outward investment Promotion, intelligence Increase tourism Museum exchanges Civic reforms Training programmes Exports Seminars, networking

4 Ranking in China – GDP Total GDP US$ (2011) 1, Guangdong 838 bn 2, Jiangsu 759 bn 3, Shangdong 711 bn 4, Zhejiang 506 bn 5, Henan 427 bn 6, Hebei 379 bn 7, Liaoning 348 bn 8, Sichuan 340 bn Per Capita GDP US$ (2011) 1, Jiangsu , Zhejiang , In. Mongolia , Liaoning , Guangdong , Shandong , Fujian , Jilin 5933

5 Jiangsu GDP (2010) Average GDP Growth Rate: 13.5% (2011 = 9.2%) Service Industry: 40%

6 Attractive to foreign investors Paid-in Foreign Capital

7 8 airports 6 x 100m + ton ports 124 universities and colleges 1.65 million college students Over 6,300 scientific research institutions 8.6% of China’s total retail sales Sales of Consumer Goods

8 Reasons to be optimistic Urbanisation only 50% complete Movement of workers to private sector only 50% complete Minimum exposure to toxic assets Leverage of companies and households is low Large stimulus early on and in 2012

9 Opportunities for Suffolk Inward investment Tourism Exports School links

10 Inward Investment

11 Tourism

12 Exports Source: FT

13 Emerging Industries － new energy industry － biotechnology & new pharmaceutical industry － new material industry － energy saving & environment protection industry － software & service outsourcing industry － the internet of things

14 School links

Peter Manning Head of International Trade, Essex County Council