London is the capital of England, which forms part of the United Kingdom. It is situated in the south-east of the country and lies on the banks of the river Thames.
London was founded in the 5th century and over the following centuries, the city continued its expansion under different rulers. Over time, London’s local government gradually received more autonomy, with the political power firmly in the hands of the London merchants. In the 16th century already, London was one of Europe’s three largest cities and a major financial and economic centre. Ever since then, London has been developing into the flourishing centre it is today.
Useful facts:
- Size: 1,500 km2
- Number of citizens: 7,421,228
- Population growth rate: 3.3%
- Languages: English
London has a very colourful history with a lot of fascinating traditions. It is an international centre of culture, in terms of music, theatre, arts, museums, festivals, etc. As a result, the city attracts millions of visitors and tourists each year.
Business guide for the Chinese
London is home to numerous global institutions, organizations and multinationals and, as such, retains a leading role in world affairs. It produces 17% of the United Kingdom's gross domestic product and it is one of the world's major financial centres: 31% of global currency transactions occur in London.
- Labour force: 70.8%
- Key sectors: the financial sector, ICT sector, manufacturing sector and commercial services
- Main knowledge centres: Think London and the London Business Support Network Knowledge Centre
The city of London is worth investing in for many reasons. First of all, over half of the UK's top 100 listed companies are located in central London. This makes the city a bustling global centre for professional services. Secondly, it is the world leader in transportation: the public transport network is one of the most extensive in the world. The Port of London is the third largest in the United Kingdom. It accounts for ca. 10% of the UK commercial shipping trade and contributes over 35,000 jobs and 8.5 billion pounds to the country’s economy. London has five airports which, between them, serve more destinations and traffic than any other city in the world.
- Business events: the London Meeting and Conferences Bureau will help you find the best venue for trade fairs, conventions or congresses.
- Policy of subsidies: the City Council has developed a subsidy policy which welcomes and actively supports new companies that wish to relocate to London.
- Port: Port of London
- Airports: Heathrow Airport, London Gatwick Airport, London City Airport, London Luton Airport and Stansted Airport
