Growing reliance on BRIC economies: UK & China

Old Europe needs to get on board the BRIC express if it expects to remain competitive over the coming years. Growing GDP's, growth in household income, growing middle class - a capitalists dream. So, is the UK, for example, ahead of the pack? Not really...

We hear it time and time again - "1.3 billion people - we need to do more business with China"!

While such a vast amount of potential consumers may exist in China, according to the BBC, http://www.bbc.co.uk/news/business-11152503, the UK still exports more to Ireland than it does to any of the BRIC economies.

This will certainly need to change over the coming years, and not only with China, but with the other BRIC countries.