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Friday, May 09, 2025

China and the UK Commit to Deepening Economic and Financial Cooperation

China and the UK Commit to Deepening Economic and Financial Cooperation

The 11th China-UK Economic and Financial Dialogue in Beijing witnesses renewed commitments to strengthen bilateral ties.
In a significant step towards tightening bilateral economic relations, China and the United Kingdom have pledged to enhance their economic and financial cooperation.

The announcement came during the 11th China-UK Economic and Financial Dialogue held in Beijing, where high-level delegates converged to discuss the future trajectory of mutual collaboration.

The dialogue was co-chaired by China's Vice Premier He Lifeng and the UK's Chancellor of the Exchequer, Rachel Reeves.

Both leaders emphasized the importance of building on existing ties and reinforcing the alignment between the two nations in the economic and financial sectors.

Expressing his country's commitment, Vice Premier He Lifeng stated that China is eager to uphold the strategic partnership envisioned by the leaders of both nations.

He stressed the importance of enhancing communication and dialogue to foster stable, mutually beneficial relations.

British Chancellor Reeves echoed this sentiment, highlighting the UK’s willingness to engage in practical cooperation with China.

She pointed out the necessity of maintaining a relationship characterized by consistency, longevity, and mutual respect, which is critical in navigating the evolving economic landscapes both countries face.

The discussions yielded several mutually advantageous outcomes, underscoring a shared interest in fostering economic stability and growth.

The dialogue also served as a platform to address various strategic economic issues and explore new avenues for cooperation, reflecting a shared commitment to leveraging their economic strengths.

The bilateral meeting coincided with the fourth China-UK Financial Services Summit, attended by both He and Reeves.

This summit provided an opportunity for detailed discussions on the financial services sector, which is a crucial area of cooperation given the expertise and influence both nations exert in the global financial market.

Source: Xinhua News Agency
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