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UK to Boost Service Exports to China

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The U.K. is looking to increase services exports to China through a "trade booster" initiative that will be discussed during the 15th UK-China Joint Economic and Trade Commission, or JETCO, on July 2, the U.K. government said Monday.

HSBC (HKG:0005), JD.com (HKG:9618), and Industrial and Commercial Bank of China (HKG:1398, SHA:601398) are among the 200 businesses joining JETCO.

While the U.K. is the second-largest services exporter worldwide, China is only the ninth-largest service export destination, the U.K. government said.

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