Martin Graham, the Chairman of Oracle Capital Group, was asked in an interview by Russia Today TV to give his thoughts on this week’s visit to China by UK Chancellor George Osborne and London Mayor Boris Johnson.
The purpose of the five-day trip by Osborne and Johnson to Beijing is to court Chinese trade and investment.
Mr Graham supported the trip and said there were huge opportunities for the UK in China – opportunities which had been, to date, largely missed.
“Germany has been far more proactive than the UK in terms of promoting trade,” Mr Graham said, by way of example. “For instance, Germany exports $70billion of goods to China every year. There are 25 per cent more Chinese tourists going to France than to the UK. There are Chinese ladies queuing outside Chanel in Paris, waiting to buy handbags”.
