Expert sees greater potential for Sino-UK trade

Hugh Davies, chairman of the China Association, said he has been lucky to witness the rapidly changing and increasingly diversified nature of China's trade with Britain over the past few decades.

When he joined the China Association in 1999, China's trade with the West was dominated by cheap Chinese manufactured products created through low-cost Chinese labor.

"China deliberately positioned itself to be a cheap manufacturing country for many years, but that's changed," Davies said.