Chinese investment in Britain creates huge amount of jobs: research

Britain has become the number one destination of choice for education for Chinese high net wealth families, and the year 2015 has seen a substantial rise of Chinese investment in Britain, creating huge amount of jobs here, said the Hurun Research Institute here on Friday.

In its report named "the UK Engaging the Chinese Private Sector 2015," the institute highlights eight key findings, including Masters courses and boarding schools have been the most important drivers of personal connections with Chinese entrepreneurs; led by Huawei, Britain has seen notable rise in job-creating investments from China's private sector.

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said that the private sector of Chinese mainland is the most dynamic and the one with the brightest future.

According to a report released by UK Trade & Investment on Tuesday, China made 112 foreign direct investment (FDI) projects in Britain, becoming the fourth biggest FDI countries for UK in fiscal year 2014/15, which ended March 2015.

"There has been a clear evolution of Chinese wanting to send their children to the UK and US, whereas a decade ago it was Canada and Australia," said Hoogewerf.

The education destination choice also bolsters the residential purchases for Chinese high net worth families in Britain. London was the only European city to make the Top 10 preferred cities for Chinese to buy residential property, according to Hurun's report in June 2014. Endit