China’s Green Construction Sector Attracts UK Investment

The UK has seen opportunities in China’s green construction sector, which promises volume as high as £200 million (US$337 million), UK business secretary Vince Cable announced on Monday.

UK Trade & Investment said Building Research Establishment (BRE), formerly a British government organ, but now a private organization, has signed an agreement with the government of China’s southeastern Shenzhen, to set up a center, delivering training and promoting green construction standards across China.

The firm said it aims to certify over 1,000 buildings across China to its standards which will create £10 million (US$16.8 million) income and could create up to £200 million (US$336 million) in work for UK supply chain companies.

Although the green building market in China is at an early stage, the Chinese government has attached great importance to the development of green buildings in recent years.

“We are excited by the collaboration with the Shenzhen government and supporting them to achieve their goal to be the greenest city in China,” said Jaya Skandamoorthy, director of BRE China.

“We hope our international standards, research and training program will provide a platform for leading companies, British and Chinese, to collaborate on green products, technologies and buildings,” he added.

Source: WantChinaTimes

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