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Business Opportunities in Wuhan, China - Drop-in Clinic

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Greater Manchester Chamber of Commerce

151 Deansgate

Manchester

M1 5JF

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Business Opportunities in Wuhan Drop-in Clinic

On Friday the 13th of October the new Manchester-Wuhan Liaison Officer, Dr Yikai Zhou, will be visiting Manchester and hosting a drop-in session in Manchester City Centre. Each business will be allocated a 30 minute one-to-one slot to discuss and gain a better understanding of the available in-market opportunities in China. A representative from China Britain Business Council and Department of International Trade will also be present at the clinic.

Date: Friday 13th October 2017

Time: 09:30-16:30 (Companies will each be allocated a 30 minute slot)

Location: Manchester City Centre (Location TBC)

In order to express your interest for a one-to-one slot please register on the Eventbrite form.

Some introductory information on Wuhan and the business opportunities it affords is offered below.

For more information please email rebecca@manchesterchinaforum.com or call 07715 237259

If you are to register for a session with Yikai, please complete the CBBC online diagnostic test prior http://www.cbbc.org/readyforchina/

Introduction to Wuhan

Wuhan is the capital of Hubei province and the most populous city in the Central China region. One of China’s megacities, it covers an area of around 8500 square kilometres and has a population of over 10.6 million. There are plans to increase this number to around 30 million with the development of a Greater Wuhan area. At present, with a GDP of £100 billion, its economic performance ranks as the 8th best of all Chinese cities, and it has been Manchester’s sister city since 1986. As of March 2015, a British-Consulate General has been operating in Wuhan.

Wuhan has a long history as a trading hub in Central China and its strategic location in the heart of the country is extremely convenient, with Beijing, Shanghai, Guangzhou and Hong Kong all within a 4 to 5 hour train journey. Wuhan offers a very broad range of opportunities for businesses of all sizes. Below are listed some potential sectors for cooperation.

Automotive Manufacturing

Wuhan Economic and Technology Development Zone is one of China's key national development zones, where automotive industry activity is highly concentrated, with over 1 million vehicles being produced per year. Following the recent trend of new energy vehicle manufacture, giant companies such as Dongfeng, BYD and Yangtze Auto have all set up factories in Wuhan.

Related opportunities for Greater Manchester businesses:

  • UK automotive brands and component factories could set up joint ventures in Wuhan
  • Advanced electric and hydrogen technology is of interest to industry players in Wuhan
  • Application of new materials in vehicle manufacturing

Professional Services

Construction:

Wuhan is now doing a round of city construction and regeneration. Infrastructures like underground railway systems, viaducts, tunnels and skyscrapers are all being implemented. According to some Wuhan news reports, there are now over 10,000 construction sites in Wuhan.

Related opportunities for Greater Manchester businesses:

  • Architectural design
  • Engineering supervision
  • City planning
  • Interior design

Airport:

Wuhan has become the aviation hub of Central China. The new terminal of Wuhan Tianhe airport has been put into service. The nearby city of Ezhou, to which Wuhan’s underground lines will soon extend, is building what will be the largest cargo airport in China. It is a key project in the 13 five-year plans of the Chinese government.

Related opportunities for Greater Manchester businesses:

  • Airport city planning
  • Airport design and operation

One Belt One Road:

Wuhan is one of the nodal cities along China’s ‘One Belt One Road’ route. More and more Chinese companies are making plans to invest abroad, particularly in those countries on the OBOR route.

As part of the effort to facilitate Wuhan companies’ entry into foreign markets, there are opportunities for Greater Manchester businesses to provide services such as:

  • Accounting
  • Finance
  • Consulting
  • Legal work

Healthcare

Wuhan has over 250 hospitals with more than 65,000 hospital beds. The domestic demand for healthcare and hospital services is huge, with a particular need for elderly care. Over 15% of Wuhan’s population is aged over 60 and this will increase annually by 100,000 citizens and by 2020 Wuhan will have over 2 million elderly people. Covering 15 square kilometres, Wuhan’s ‘Biolake’, or the Wuhan National Bioindustry Base, is an industry base established in 2008 which aims to provide both research and living activities. The Biolake features six parks, namely the Bio-innovation Park, the Bio-pharma Park, the Bio-agriculture Park, the Bio-manufacturing Park, the Medical Device Park and the Medical Health Park.

Related opportunities for Greater Manchester businesses:

  • Training programmes for Wuhan doctors and nurses
  • Bring UK sector technology to the region
  • For private hospitals the UK could provide services on hospital construction, professional training, as well as hospital management and operation
  • Cooperation with local community clinics
  • Cooperation with elderly care centre operation

Education

Wuhan is the largest student city in China, with nearly 1.23 million students. It has 80 universities, of which 7 are graded top nationally. These 7 include Wuhan University and Hua Zhong University of Science and Technology, which rank amongst the top 10 universities in China.

Related opportunities for Greater Manchester businesses:

  • Joint research collaborations
  • Exchange programmes for education staff
  • Student exchange programmes
  • Professional training/English language training/summer camps/introducing teaching materials

Retail Product Trading

Wuhan ranks amongst the top ten on China’s consumption market, and the increasingly educated middle class provides a large consumer demand that is still growing. The people of Wuhan value foreign products greatly and prefer to pay more for brand and quality. The total retail sales of consumer goods amount to 561.06 billion RMB, which represents an increase of 10% in one year. Wuhan also attracts high numbers of people from nearby cities to come shopping in the city. According to data collected by Wuhan’s most famous department store, Wushang Plaza, over 20% of revenue is generated by outsiders.

Related opportunities for Greater Manchester businesses:

  • Wuhan Asia Europe Logistics runs an express railway line between Wuhan and Paris. The journey duration from Europe to Wuhan is 15 days and the cost is subsidised by the government. Mancunian businesses could use this line to introduce their products to the Wuhan Market.

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Greater Manchester Chamber of Commerce

151 Deansgate

Manchester

M1 5JF

United Kingdom

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