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UK eyes China as key partner for growth

UK eyes China as key partner for growth

Write: Rosetta [2011-05-20]
British Trade and Investment Minister Lord Stephen Green said on Monday in Beijing that China is Britain's key partner for growth.
Green arrived in Beijing Monday to begin a five-day business tour, which will include visits to Beijing, Chongqing and Hong Kong.
"China has seen spectacular unbroken growth over the last thirty years and is a market that is very important to the UK's economic development," Green told a news briefing at the British embassy in Beijing.
He said he was confident that the two countries would achieve the objective of $100 billion in annual trade by 2015, which was agreed upon by both leaders last November.
The British government published a Trade and Investment White Paper in February that looked at emerging economies such as China as the future of global growth, he said.
During his stay in Beijing, Green met with Chinese officials from the Ministry of Commerce (MOC) and the National Development and Reform Commission (NDRC). He also met with senior personnel from the China Investment Corporation (CIC).