As the global economic landscape evolves, the relationship between the UK and China stands at a pivotal point. Stephen Perry, honorary chairman of the 48 Group Club, reflects on the journey of fostering long-term personal and commercial ties with China.
Recalling his father's role as one of the original Icebreakers in the 1950s, Perry highlights how these early efforts laid the foundation for sustained trade and mutual prosperity. 'Those first business people were not only interested in selling products, but also laying the foundations for a wealthy society and longer term relationship,' Perry remarked during the 75th anniversary of modern China's founding.
Stephen Perry's own experiences in the 1970s showcased China's remarkable transformation towards modernization. 'It was absolutely amazing,' he shared, emphasizing the resilience and dedication of the Chinese people.
However, recent tensions between China and Western nations, particularly the EU and the US, have introduced uncertainties into trade relations. Perry expressed disappointment over the EU's tariffs on Chinese electric vehicles, attributing the move to external pressures from the US. 'Europe lacks the power and imagination to truly compete,' he stated, critiquing protectionist policies.
Despite these challenges, Perry remains optimistic about the potential for improved UK-China relations. He advocates for a reevaluation of trade policies, suggesting that a Labour government could adopt a more constructive approach. 'The UK needs to reposition itself with China,' Perry emphasized, highlighting the importance of balancing ties with the United States while nurturing dialogue and trade with China.
With numerous opportunities on the horizon, Perry believes that renewed commitment to collaboration could pave the way for a more harmonious and prosperous future between the UK and China.
Reference(s):
A long term relationship both personal and commercial: Leaders' Lounge
cgtn.com
