Trade to top PM Theresa May's agenda during trip to China

Trade to top PM Theresa May's agenda during trip to China

Trade to top PM Theresa May's agenda during trip to China

Ahead of British Prime Minister Theresa May's Visit to China, the British Ambassador to China Barbara Woodward briefed Chinese media on January 29, 2018 at her residence, saying a post-Brexit Britain would be able to "move a bit faster towards" deepening cooperation with China as well as jointly expanding Sino-UK commercial partnerships into third countries along the burgeoning Belt and Road.

Face-to-face talks with both Chinese President Xi Jinping and premier Li Keqiang are scheduled to discuss opportunities for increasing the trade links between Britain and China, worth an estimated £60billion past year.

Theresa May has announced new education links with China as she arrives for a three-day trip created to boost trade after Brexit.

Exports to China have soared 60 per cent since 2010 and China is on course to be one of the UK's largest foreign investors by the end of the decade.

Executives from 50 firms and university representatives will fly with the Prime Minister on the three-day tour of Wuhan, Beijing and Shanghai.

The visit comes amid doubts at home over the potential for deals with countries like China to replace economic growth lost due to Brexit, with leaked Government papers suggesting that the hit to GDP from European Union withdrawal will only be partially offset by any new trade elsewhere in the world.

"There are huge trade opportunities in China that we want to help British businesses take advantage of", May said. "The depth of our relationship means we can have frank discussions on all issues", May said in a statement.

Later on Wednesday, May will head to Beijing, where she will meet Premier Li Keqiang.

They said they hoped the PM would "be able to provide the people of Hong Kong with some assurance that our developing relationship with China, vital though it is, will not come at the cost of our obligations to them".

"For a global trading nation like the United Kingdom it is doubly important, which is why I'm travelling to China at a crucial moment in the history of both our countries".

Theresa May visits China augmenting golden era trade bonds that will boost the bipartisan trades between both the countries.

May will also take the opportunity to discuss a wide range of other issues, including climate change and North Korea.

Downing Street officials said Mr May was going "to support the Prime Minister".

Britain's last governor in Hong Kong before it was handed back to the Chinese, Chris Patten, had written to May on Monday urging her to raise concerns over the "increasing threats to the basic freedoms, human rights and autonomy" in the territory.

Britain has also previously expressed concern about steel overproduction, human rights abuses and the health of democratic development in former British colony Hong Kong.

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