Sir Michael Bear at the China Smart City Innovation Conference held in Jinan, Shandong province, on March 24, 2016. (Photo: chinadaily.com.cn/Ma Chi)
The Sino-UK cooperation in building smart cities is expected to gain steam when Future Cities Catapult (FCC), one of the UK's leading platforms for urban innovation, signed a memorandum of understanding (MOU) with China.
"Hopefully the signing is going to be a fruitful cooperation between China and UK on smart city. We will use the partnership to make it easier for both British and Chinese enterprises to invest in and get involved in the smart city market in their respective country," said Ivory Wells, the global partnerships manager at FCC.
The FCC signed the MOU with the country's leading agency in urban development, China Center for Urban Development, at China Smart City Innovation Conference on Thursday.
"The UK was the first country in the world to industrialize and de-industrialize, and then move on to the knowledge economy. We have plenty of experiences across all disciplines and that's what we can share with China," said Sir Michael Bear, UK Special Envoy for Sustainable Urbanization to China and former mayor of the City of London.
The Sino-UK cooperation in smart city began two years ago when Bristol built a partnership with Guangzhou. Last year, Manchester tied a relationship with Wuhan. The two partnerships aim to share UK's expertise and experiences in building smart cities with China, according to John K Davies from UK Trade and Investment.
"The UK has been involved in smart city for many years. I think one of the differences that occurred in the last few years is that city and citizens are put at the front and center, and businesses are now responding rather than trying to drive the board," said Davies.
His opinion was echoed by Li Tie, the director of China Center for Urban Development.
"One of the significant changes in building new smart city in China is that the old government-driven development model should be changed into user-oriented and market-driven one," said Li.
With its fast urbanization drive, the smart city market is huge in China, according to analysts' estimates.
Authorities have released guidelines for accelerating the building of smart cities, which includes an intelligent transportation system. The cumulative investment is likely to break 2 trillion yuan ($309 billion) by 2025, fueled by massive State-sponsored urbanization projects, analysts estimated.
