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China and UK to Strengthen Economic and Financial Cooperation

Reuters

China and the United Kingdom vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, the British government said on Saturday in a statement following talks in Beijing between the UK finance minister Philip Hammond and Chinese officials, Reuters reports.

The two countries will establish a new joint expert group to exchange views on macroeconomic and fiscal policy, the statement said.

Both countries opposed trade protectionism and reaffirmed their support for the World Trade Organisation as a key pillar of the global trade system.

In addition to accelerating final preparations and reviewing the timeline for the introduction of a London-Shanghai stock connect program, the statement said the countries agreed to launch a working group and fusibility study on a UK-China bond market connect.

 


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