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Isle Of Man Seeks To Boost Economic Bond With China

by Jason Gorringe, Lowtax.net, London
11 March, 2014

The Isle of Man's Chief Minister, Allan Bell, led a major Manx delegation to China to engage in five days of meetings to boost ties with the world's second largest economy.

The mission comprised private sector representatives as well as senior Government officers, and included the City of London MP Mark Field.

During an intensive program of political and business meetings in Beijing, Tianjin, and Shanghai, the delegation promoted the island as a reputable international center that can serve as a platform for Chinese business expanding into the UK, the City of London, and Europe. The meetings started in Beijing on March 10, 2014, and concluded in Shanghai on March 14, 2014.

The visit builds on the Manx Government's good relations with the current Chinese Ambassador in London, Liu Xiaoming, who came to the island twice last year. It follows a series of trips to China undertaken by the Department of Economic Development.

Bell said: "China is an economic powerhouse and countries around the world, including the UK, are actively promoting themselves there. It takes time to develop relationships in China, and personal contact is important, so delegations like this are necessary if we are to bring more Chinese business to the Isle of Man."

"Economic growth has to be top priority for the Island to sustain job opportunities, living standards and funding for public services. The potential economic benefits of building business links with China are significant, which is why we are investing so much time and effort in this visit."

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