Britain Extends Business Cooperation With China

Forex News

UK Prime Minister Theresa May set off on a trip to China on Wednesday with a business delegation that includes sectors ranging from health care to clean energy, in an effort to strengthen ties between Britain and China. Some analysts suggest that since Brexit terms remain uncertain, British companies are eager to enter the Chinese market, more than ever.

British Prime Minister Theresa May and Chinese leader Xi Jinping agreed to expand cooperation during the meeting in Beijing. This is the first step in the implementation of the future trade agreement, which the UK can conclude independently after leaving the European Union. Representatives of Great Britain and China concluded deals worth more than 9.3 billion pounds (13.26 billion dollars) at the end of the three-day visit of Theresa May. The British authorities said that 9.3 billion pounds in the transactions will create more than 2.500 jobs throughout the United Kingdom.

China views Great Britain as an important ally in its call for more open world markets, despite widespread fears in foreign business circles regarding the complexity of working in China, and both countries refer to the "golden era" in the relationship. Chinese Premier Li Keqiang said that China's relations with Britain will remain unchanged after Brexit.