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November 29, 2017

Brexit Britain looks to China

Henry Jackson Society

Chinese schoolchildren of a certain age will be familiar with Luo Bao Bei. She’s a cartoon character, a “spirited, fun-loving seven-year-old” who “explores everyday life with her friends, family and animal companions, having adventures.”

But what millions of the cartoon’s school-age fans probably won’t realize when a new series airs this month, is that Lou Bao Bei was made in Britain.

The latest series of the cartoon has been animated thousands of miles away in the Welsh capital, Cardiff, after the city’s Cloth Cat studio was commissioned last year by the show’s creators, China’s Magic Mall production company.

But while business investment in the U.K. has taken a hit since the vote to leave the EU in June 2016 (which cost Osborne his job), Chinese inward investment and trade has remained bullish. According to DIT, bilateral trade in goods and services hit £59.1 billion last year, up 8.9 percent on 2015. In the same year, China invested $11.15 billion (£8.4 billion) into the U.K., according to the Henry Jackson Society, more than double the amount in 2015.

Read more on POLITICO