UK seeks new chances in China

China's economic "new normal" can bring more opportunities for UK companies, British business leaders said on Wednesday.

James Sassoon, chairman of the China-Britain Business Council, said China is undergoing a period of further transformation.

"It is stepping away from labor-intensive exports toward a more highly mechanized and service-oriented economy, with heightened resilience on domestic demand and added emphasis on environmental sustainability," he said at the China Business Conference in London.