19:05 GMT +327 February 2017
Live
    Chinese 100 yuan notes. (File)

    China, UK Express Readiness to Promote Free Trade - Chinese Foreign Ministry

    © AFP 2016/ Fred DUFOUR
    Business
    Get short URL
    333833

    UK Foreign Secretary Boris Johnson and Chinese Foreign Minister Wang Yi expressed their readiness to promote bilateral and multilateral mechanisms of free trade, China's Foreign Ministry said in a statement Friday.

    BEIJING (Sputnik) — According to the statement, Johnson assured his Chinese counterpart, that the United Kingdom was ready to strengthen strategic partnership with China in the international arena, and also pledged to promote bilateral and multilateral free trade. The sides have also reportedly exchanged views on the North Korean issue.

    "Together with the British side China is ready to respect each other's fundamental interests and issues of great concern on a mutual basis, promote flagship cooperation project on construction of Hinkley Point nuclear plant, jointly protect international mechanisms of free trade and create open world economy," Wang said during the meeting with Johnson in the framework of G20 summit in Bonn as cited by the ministry

    In late September, the UK government signed a final agreement with the French electricity company EDF for construction of Hinkley Point C nuclear power station in Somerset, England. EDF plans to co-finance it together with China General Nuclear Power Group (CGN). The nuclear power plant is expected to meet 7 percent of the UK's energy needs once it opens in 2025.

    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!

    Tags:
    free trade, Wang Yi, Boris Johnson, China, United Kingdom
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment

    All comments

    • Dar...
      Sneaky Brits back-stab the Yanks and grab for a big chunk of the new TPP deal China will lead.

      When the USA calls their 'ally' for naval support in the South China Sea all they'll get in response is: "Can't do. Awfully sorry Donald old chap. Appears our ships are allergic to warm water, can't seem to find our subs at the moment and the old rockets are on the blink. Do send us a post card from your travels though, tell us how it worked out for you. Toodle pip"

      That's what having pirates as allies feels like America.
    • landauroj
      If China is good to trade in spite of its annexation of Tibet, then what prevent the UK to trade with Russia. Nobody in the UK can provide an intelligent reason of all that innuendo. Because UK special relationship with the USA ( "special" meaning do, what the USA said); the only historical fact about the Russian and the UK was the killing of the Russian Czar a relative of the Queen of England during the Russian Revolution and the advent of Communism according to the eyes of Stalin.
    • Dar...in reply tolandauroj(Show commentHide comment)
      landauroj, The reason Britain currently opposes Russia is because they perceive a competitive threat from the Russian economy to their 'soft power' and sterling in emerging economies.

      They can currently make more money in the world by stifling Russian influence than by trading directly with Russia. If that balance sheet calculation changed Russia would have drunken Brits stumbling round it's streets like new 'best friends' the following morning.

      The Brit government don't see Russia as a military threat. The average Brit wouldn't care if their own Royal Family died so they're not bothered what happened to Russia's. Churchill was freaked out about communism but no one else really gave a damn what system Russia used. They also don't care what the USA thinks either. All they've ever cared about, or will ever care about, is what affects the wealth of their upper middle class.

      As soon as Trump gives the green light to relationship normalisation between USA and Russia the Brits will change tactics overnight. They will pour investment into Russia like you wouldn't believe possible and use a different tactic to subvert Russia's influence in emerging markets.

      Never take it personally with the Brits. They are the original and most venal Mafia type nation on earth, everything is just business, all emotional rhetoric is faked for propaganda purposes.

      Britain's rulers would sell the UK to Russia and move to the Caribbean without a second thought if the price was right. "God Save the Money" is their real national anthem.
    Show new comments (0)