Chinese visit could increase investment in Northwest - MIDAS

Chinese visit could increase investment in Northwest

A visit from representatives of China’s premier science parks could lead to increasing levels of foreign investment in the Northwest.

Zhongguancun Science Park (Z-Park), is China’s equivalent to Silicon Valley and generates some £60 billion a year in revenue thanks to a number of high-tech companies.

The Northwest Regional Development Agency hosted several delegates from the park, who were shown around regional science and technology hotspots like Daresbury Science and Innovation Campus and Salford’s MediaCityUK.

It is hoped that continuing good relationships with China will lead to more interest in the Northwest as a business location and therefore to more inward investment.

Tom Zhu Ziqi, one of the visiting delegates, said: “This visit has added an extra dimension to our knowledge of the Northwest. I am excited about presenting the Northwest to companies in Beijing.”

The World Expo in Shanghai is to be held next year and is expected to deliver some £50 million in benefits to Liverpool and the wider Northwest region over the next 10 years.

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