Chinese funds create more jobs in UK

London - Chinese investors created approximately 1,500 jobs in the United Kingdom in the year ended March 31. That's twice the number for the previous year, despite a drop in the number of projects under investment, according to the government body, United Kingdom Trade and Investment (UKTI).

In the period 2010-2011, Chinese companies invested in 59 projects, which provided 1,471 jobs. China was the seventh-largest investor in the UK, one position lower than the previous year, but the number of jobs almost doubled from 760 in the previous year.

"Among the high-growth markets, India and China are still the two principal sources of inward investment by project numbers," UKTI said in a report released on Monday.