Vice Premier He Lifeng Holds Video Call with UK Chancellor Reeves on Economic Cooperation
Crhk · 2 SOURCESabout 4 hours ago2 MIN
Summary
Chinese Vice Premier He Lifeng, the Chinese lead for the China-UK Economic and Financial Dialogue, held a video call on Thursday afternoon with his UK counterpart, Chancellor Rachel Reeves . The two senior officials exchanged in-depth views on strengthening bilateral economic and financial cooperation, as well as issues of mutual concern .
Key Points
- Vice Premier He Lifeng stated that both countries should jointly implement the important consensus reached by their leaders and strengthen exchanges and cooperation in economic and financial fields .
- He emphasized that both sides should respect each other's core interests, achieve mutual benefit and win-win outcomes, and promote stable and positive development of China-UK economic relations .
- Chancellor Reeves expressed that the UK is willing to strengthen dialogue and cooperation with China in economic and financial areas to promote continuous development of UK-China relations .
- According to The Times, the UK government is reportedly preparing to follow the EU in imposing a 45% tariff on Chinese electric vehicles amid concerns over an influx of such vehicles into the UK market .
- The UK also plans to strengthen trade alignment with the EU to prevent British businesses from being affected by trade barriers .
Why It Matters
This ministerial-level dialogue signals both countries' commitment to maintaining constructive economic ties despite broader geopolitical tensions. The timing is significant as the UK weighs protectionist measures against Chinese electric vehicles, which could test the boundaries of the stated commitment to mutual respect and win-win cooperation . For Hong Kong, which maintains close economic links with both powers, the trajectory of China-UK relations could have implications for regional trade dynamics and financial hub status.
This ministerial-level dialogue signals both countries' commitment to maintaining constructive economic ties despite broader geopolitical tensions. The timing is significant as the UK weighs protectionist measures against Chinese electric vehicles, which could test the boundaries of the stated commitment to mutual respect and win-win cooperation . For Hong Kong, which maintains close economic links with both powers, the trajectory of China-UK relations could have implications for regional trade dynamics and financial hub status.