Theresa May expresses wish to enhance trade and cooperation on global issues with China

Alok Sharma, Parliamentary Under Secretary of State at the Foreign and Commonwealth Office, said Britain called China an important global strategic partner, and Britain is paying high attention to cooperation between the two countries.

By: Reuters | Bejing | Updated: August 16, 2016 10:05:37 am
China, Britain, Britain and China, Britain China news, Britain China trade, Prime Minister Theresa May, Alok Sharma, China's President Xi Jinping , China Premier Li Keqiang, International news, Latest news, world news, Britain’s Prime Minister Theresa May, centre. (AP Photo)

British Prime Minister Theresa May has written a letter to China’s President Xi Jinping and Premier Li Keqiang expressing a wish to enhance trade and cooperation on global issues between the UK and China, China’s foreign ministry said, citing Britain’s Minister for Asia and the Pacific.

Alok Sharma, Parliamentary Under Secretary of State at the Foreign and Commonwealth Office, made the remarks during his meeting with China’s foreign minister Wang Yi in Beijing.

Sharma was quoted in a foreign ministry statement late on Monday saying that Britain called China an important global strategic partner, and Britain is paying high attention to cooperation between the two countries.

This is Theresa May’s first attempt at reaching out to the word’s second largest economy, China, since taking office as Prime Minister of the United Kingdom. Post the Brexit vote, Theresa May has tried to shrug aside pessimistic views and ruthless overhauled the British Parliament in order to get a firm grip on the cabinet.

To win back consumer confidence, which was shaky since the Brexit, she last week had said she wanted to work on building jobs , improving productivity, rewarding hardworking people focus on an “economy that works for everybody and not just for a privileged few”.

China, continues to be one of the UK’s biggest inward investors, despite a short term economic shock from leaving the European Union.

Chancellor Philip Hammond, in office since 13th July had admitted that there had been “global disappointment” about the Brexit vote. “What we now need to do is get on with it in a way that minimises the economic impact on the UK economy in the short term and maximises the benefit in the long term,” Hammond said, while duscussing trade with China post Brexit.

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Philip Hamond had met Chinese vice premier Ma Kai in Beijing before the G20 summit, to discuss an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.

May’s intentions to enhance trade deals with China aim to turn talks, which have been underway for a few months, into action. May, had repeadedly said that Britain needs a proper industrial strategy to capitalist on the opportunity created by Brexit. “If we are to take advantage of the opportunities presented by Brexit, we need to have our whole economy firing,” she said last week as she chaired a new Cabinet committee.

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