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British firms eye China's high-end market


British companies are expanding their investments in China. According to China's Ministry of Commerce, British investments in China jumped 81 percent year on year in 2023. A report by CITIC Prudential Life Insurance shows the number of Chinese families owning net assets of over 10 million yuan, or some $1.4 million, reached over 2 million in 2023.

As CGTN's Chen Tong reports, the 175-year-old department store Harrods has joined hands with renowned Michelin-starred chef Gordon Ramsay to open a new private members' club, placing bets on China's high-end market.

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