Beijing, January 13, 2025 – The Europe Today: China and the United Kingdom reaffirmed their commitment to fostering an open world economy during the 11th China-UK Economic and Financial Dialogue, co-chaired by Chinese Vice Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves in Beijing on Saturday.
Chinese Foreign Ministry spokesperson Guo Jiakun, speaking at a regular news briefing on Monday, announced that the two sides achieved 69 mutually beneficial outcomes during the dialogue. These outcomes reflect the depth and scope of China-UK economic and financial cooperation, which is poised to benefit both nations and the global economy.
Guo emphasized the shared resolve of both countries to uphold multilateralism and economic globalization. He highlighted their joint commitment to maintaining a rules-based multilateral trading system with the World Trade Organization (WTO) at its core, reducing barriers to two-way investment, and promoting a non-discriminatory, open business environment.
The dialogue underscored the critical role of financial cooperation in China-UK relations. Both sides expressed their willingness to strengthen collaboration on financial policies and regulations, enhance connectivity between financial markets, and achieve tangible progress in two-way financial market opening.
Guo noted that consensus was also reached on industry, agriculture, and energy cooperation, along with a commitment to maintaining secure, stable, and resilient global production and supply chains while opposing economic decoupling.
The fourth China-UK Financial Services Summit, attended by Vice Premier He and Chancellor Reeves, further showcased the potential for cooperation in the financial sector, which remains a highlight of the bilateral relationship.
“The outcomes of the dialogue reflect the breadth and depth of China-UK economic and financial cooperation,” Guo said, adding that China stands ready to work with the UK to implement these agreements and foster shared growth.
This meeting marks another step in the continued partnership between the two nations, reinforcing their dedication to global economic stability and prosperity.