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Britain and China tout new economic relationship as win-win, but complicated | world news

Britain and China tout new economic relationship as win-win, but complicated | world news

 


The UK has forged a new economic relationship with China and, to borrow one of China's favorite phrases, the two countries are selling it as a 'win-win' situation.

This is an important step forward in repairing relations between our countries. Their relationship deteriorated after years of tension and suspicion. Both sides want to get back on track.

China warmly welcomed the Prime Minister.

Rachel Reeves traveled from the Beijing Brompton bicycle shop to the guesthouse via the Great Hall of the People.

“The results we reached today represent practical cooperation,” Chinese Vice Premier Heifeng said.

Image: Prime Minister Rachel Reeves with Chinese Vice Premier Heifeng in Beijing. Photo: Reuters

busy. That word comes up again.

Prime Minister Reeves said this four times in his final speech.

China pursues pragmatism. This is one of the Chinese government's favorite words.

The UK wants to show that it is open for business and that our bilateral relationship with the UK is healthy.

This trip is symbolic for China as well. Since China still trades with Russia and competes with the United States, it wants to make clear that it has friends in the West, too.

China sees it as a positive sign that Britain has not sided with the United States and the European Union in applying tariffs to Chinese electric vehicles, solar panels and electric batteries.

But if US President-elect Donald Trump escalates trade tensions with China, the UK may feel more pressure to stand with the US.

Read more: Make no mistake – Reeves' trip to China is a very big deal. Musk could act as an intermediary between China and Trump

Despite the good response, China is likely to still view these proposals from the UK warily.

Over the past decade, relations between the two countries have shifted from the heyday of the so-called “Golden Age” to an era characterized by growing concerns about China's role in the world.

There are complex issues between the two countries, including allegations of espionage, cyberattacks, tensions over Hong Kong, Taiwan and the South China Sea, and Chinese support for Russian defense bases.

The challenge for the UK when it comes to China is that it wants to have a two-way street, conducting trade while also having tough conversations on difficult issues.

How Britain can pursue its “get down to business” policy in a complex geopolitical environment will require utmost diplomacy.

Sources

1/ https://Google.com/

2/ https://news.sky.com/story/uk-and-china-selling-new-economic-relationship-as-a-win-win-but-its-complicated-13286993

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