China and the United Kingdom have reached 69 mutually beneficial agreements during their 11th Economic and Financial Dialogue in Beijing, marking a significant step towards enhancing global economic ties.
The dialogue was co-chaired by Chinese Vice Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves on Saturday. Both sides expressed a strong commitment to uphold multilateralism and economic globalization.
“The two sides reached 69 win-win outcomes,” Foreign Ministry spokesperson Guo Jiakun announced at a regular news briefing on Monday. “They agreed to uphold the rules-based multilateral trading system with the World Trade Organization at its core and to build an open world economy.”
The discussions underscored the importance of cooperation for the development of both nations. China and the UK agreed to work together to maintain secure, stable, and smooth global production and supply chains, oppose decoupling, reduce barriers to two-way investment, and promote a non-discriminatory and open business environment.
Guo highlighted that the two countries reached consensus on cooperation in industry, agriculture, and energy sectors. Finance, a highlight of China-UK cooperation, was also on the agenda, with both sides expressing willingness to strengthen cooperation on financial policies and regulation. They aim to achieve tangible results in the two-way opening and connectivity of financial markets.
The outcomes of the dialogue reflect the breadth and depth of China-UK economic and financial cooperation, which is beneficial not only to the two countries but also to the world. “China is ready to work with the UK to deliver the outcomes,” Guo added.
He Lifeng and Rachel Reeves also attended the fourth China-UK Financial Services Summit, further emphasizing the importance of financial collaboration between the two nations.
The dialogue signifies a mutual willingness to foster stronger economic ties and reflects a shared vision for an open and inclusive global economy.
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China, UK reach 69 win-win outcomes at economic and financial dialogue
cgtn.com
