Xi's visit to open new chapter for China-UK relations

Updated: 2015-10-14 10:04


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During his visit, Xi is scheduled to deliver an important speech in the City of London, where he will systematically expound China's domestic and foreign policies, charting the future course for China-Britain and China-Europe economic and trade cooperation.

Xi's visit offers Britain an opportunity to better understand him and his thoughts, said Stephen Perry, chairman of the 48 Group Club.

In the bilateral talks on the sidelines of the nuclear security summit held in The Hague last March, Xi and Prime Minister Cameron agreed to push forward cooperative programs in such areas as nuclear power, high-speed rails, high technology and finance, among others.

Since 2012, London has been seeking to become the key Western hub for trading the Chinese yuan. Among the 53 agreements made in the UK-China Economic and Financial Dialogue this September, three are focused on bilateral financial cooperation.

In his state visit to China this September, British Finance Minister George Osborne said Britain welcomes China to participate in the construction of its new nuclear programs. Making special reference to the construction and operation of Hinkley Point C, he said that Britain wants to make it a cooperation platform for Chinese capital, French technology and the British market. If carried out, it would be the first time for China to invest in a Western nuclear industry.

This April, Britain has encouraged enterprises and financial institutes both at home and in China to participate in Britain's HS2 railway project.

During his upcoming visit to Britain, Xi will attend a banquet and visit research projects and local businesses in Manchester, a major industrial city the British government wants to revitalize. Britain is committed to work with China on the Belt and Road initiative and plans to attract Chinese capital to help with the revitalization program.