Chinese holdings in the UK have seen revenues soar in the past two years, deflecting concerns that the “golden era” of China investing in Britain may be drawing to a close, the Financial Times reports. Despite a slowdown in outward investment from China to the UK, figures show that Chinese-owned companies in Britain have enjoyed triple-digit growth, according to research by Grant Thornton, a UK-based professional services firm. The best-performing 30 companies, which had a combined turnover of £9.8bn and employ about 20,000 people in the UK, expanded revenues by an average 174% in 2015 against the previous year, according to the Grant Thornton data. Among these, privately-owned Chinese companies outperformed their state-owned counterparts, reporting a 210% increase in revenues against 146%. The study marks the first time that revenues for a representative sample of Chinese-owned companies in the UK have been published.
Categories