UK hopes to conclude a ₤1 billion trade and investment agreements with China

Almaty. December 15. Silkroadnews - The UK hopes to conclude a ₤1 billion trade and investment agreements with China, Reuters reports.
“Britain hopes to seal a billion pounds ($1.34 billion) worth of trade and investment agreements with China during weekend visit by finance minister Philip Hammond, Bank of England chief Mark Carney and senior executives,” the report said.
The visit to Beijing is the final move in the long economic negotiations between the two countries, but now it has acquired new importance for the UK, as it hopes to renew its positions as of one of the world’s trade leaders after leaving the European Union in 2019.
“We are committed to working with our partners to build a truly global Britain, and our relationship with China is strong, growing, and delivering benefits for both countries,” Hammond said.
The hope for a “golden era” of relations, both countries voiced in 2015 after the meeting of President Xi Jinping with then-prime minister David Cameron, has weakened when Cameron was succeeded by Theresa May as prime minister.
In 2016, she suddenly decided to postpone the approval of the project in the field of nuclear energy, partially funded by China. “She later granted it, but not before drawing criticism from Beijing,” the agency wrote.
Nevertheless, the government said on Friday that it wants to start a new stage in the development of relations. Hammond will meet with Chinese Prime Minister Li Keqiang, Vice Premier Ma Kai and other officials.
Greg Clarke, Business Minister, will also travel to Beijing together with the CEO of the London Stock Exchange Nikhil Rathi and representatives of major financial companies such as BlackRock, HSBC and Standard Chartered Bank. During these negotiations, the focus is expected to be made on a more integrated approach to financial services, new industrial partnership and economic reform. Clark will also hold talks on energy, focused on clean and renewable energy production.