In a major development, the Chinese mainland and the United Kingdom have committed to building an open world economy during their latest economic and financial dialogue.
Speaking at a news briefing on Monday, Chinese Foreign Ministry spokesperson Guo Jiakun revealed that the two sides reached an impressive 69 win-win outcomes aimed at fostering mutual growth and global stability.
The 11th China-UK Economic and Financial Dialogue, co-chaired by Chinese Vice Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves, took place in Beijing last Saturday. The discussions also included the fourth China-UK Financial Services Summit, highlighting the importance of financial collaboration.
Both parties emphasized their shared dedication to multilateralism and economic globalization, pledging to uphold the rules-based multilateral trading system centered around the World Trade Organization.
Key areas of cooperation include industry, agriculture, and energy, which are vital sectors for both nations. Additionally, finance emerged as a standout area, with commitments to enhance financial policies, regulations, and the connectivity of financial markets.
By maintaining secure and stable global production and supply chains, China and the UK aim to oppose decoupling and reduce barriers to two-way investment. This collaborative approach is set to promote a non-discriminatory and open business environment, benefiting not only the two countries but also the global community.
Guo Jiakun concluded by stating that China is ready to work closely with the UK to implement and deliver the outcomes of this productive dialogue, underscoring the significance of their partnership in today’s interconnected world.
