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15:25, 15-Dec-2017
Britain's finance minister heads to China seeking deals
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British finance minister Philip Hammond is aiming to complete more than a-billion-dollars worth of trade and investment deals with China during weekend talks in Beijing.
The government in London said on Friday it wanted to begin a new phase in economic relations as it eyes new trading arrangements mindful of its departure from the European Union in 2019.
Hammond will be accompanied by Bank of England governor Mark Carney and senior private sector executives. He will meet Chinese Premier Li Keqiang, Vice Premier Ma Kai and other officials.
“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 in a statement released by his office ahead of the trip.
Reuters Photo.
Reuters Photo.
Business Minister Greg Clarke will also travel to Beijing along with a delegation of executives including London Stock Exchange CEO Nikhil Rathi and representatives from major financial firms such as BlackRock, HSBC and Standard Chartered Bank.
Talks are expected to focus on a more integrated approach to financial services, new industrial partnerships and economic reform.
Clark will hold energy-specific talks focused on clean and renewable power generation.
Source(s): Reuters