British Prime Minister and Delegation Visit China

China Broadcasting Network, Beijing, November 9th News According to the China Central Television News, this morning (9th), the third Sino-British economic and financial dialogue will be held at the Diaoyutai State Guest House in Beijing. Chinese Vice Premier Wang Qishan The British Chancellor of the Exchequer Osborne will co-chair the dialogue. At the same time, British Prime Minister Cameron will also lead the largest delegation to China in British history to Beijing this morning. Voice of China reporter Li Xin interviewed Li Weiwei, an associate researcher at the European Research Office of the China Institute of International Studies, on issues related to Sino-British cooperation. Li Weiwei made an analysis of the highlights of Sino-British cooperation and why the UK led a delegation of this size to visit China:

 

 

Li Weiwei: The highlight is to pay attention to the financial cooperation between China and Britain and the business cooperation between China and Britain. In fact, under the current background, under the impact of the financial crisis and economic recession, Europe as a whole is in the downward trend of the economy, and it is at the bottom of the cycle. Although the recovery started slowly this year, the recovery is very fragile These indicators are not very clear. Although it may not be bottomed out, everyone is more worried, especially about the state of the government’s sovereign debt caused by the Greek sovereign debt crisis.

 

 

The financial situation of the governments of various countries is very bad. Governments of various countries now hope to have better cooperation with emerging market countries, especially emerging countries like China and India, because emerging countries have performed well in this crisis. Therefore, this kind of cooperation between Europe and emerging countries, especially China, is very much expected to be seen. Under this general background, the British government, the new government, the coalition government, and Prime Minister Cameron led a huge delegation to China. Come here, also for this. He had also been to India before, and he also had a huge delegation, but it was even bigger in China, because China has a huge market, China has a very good economic development situation, and China has very great development potential, so financial cooperation, Economic and trade cooperation is what we need to observe and pay attention to.

 

 

At present, the UK has become China's third largest trading partner after Germany and the Netherlands in the EU, and China is the UK's second largest trading partner after the US outside the EU. Zhou Xiaoming, Minister Counselor of the Economic and Commercial Office of the Chinese Embassy in the United Kingdom, said recently that bilateral trade between China and Britain is expected to exceed the $100 billion mark.

 

 

Li Weiwei said: Britain's service industry is very developed, including financial services, so financial cooperation may have this content. London is a global financial center. The financial service industry is very developed. There are various financial products. China still has Where to learn from; In terms of trade, especially in terms of technology, the UK has green and environmentally friendly technologies, such as energy-saving cars and energy-efficient buildings. China also has lessons to learn from, and there are many points of cooperation between the two sides; the UK has many famous universities that are A very important destination for international students. There are many international students studying in the UK every year. The UK has very advanced concepts in education and has a good quality of education. The UK is definitely eager to absorb more Chinese international students in the past, especially since the British government started this year. After significantly reducing fiscal expenditures, various expenses such as tuition fees for education, especially for foreign students, have increased. In this case, Chinese students are more powerful, and the desire or requirement to study abroad is still very high Yes, so the UK will continue to step up the absorption of Chinese students.

 

 

In a word, the British government is now cutting its expenditure very hard, the economy needs a lot of capital and liquidity, and the bank needs a lot of liquidity. China and it can cooperate and can be partners. China also hopes to get some British Advanced things, such as the concept and experience of the financial service industry or various service industries, high-tech, green technology, new energy, and advanced aircraft engine technology, in many aspects, everyone can cooperate with each other.