In a significant step towards fostering a more open global economy, China and the United Kingdom have successfully concluded their 11th Economic and Financial Dialogue with an impressive 69 win-win outcomes.
The dialogue, co-chaired by Chinese Vice Premier He Lifeng and British Chancellor of the Exchequer Rachel Reeves in Beijing, underscored the commitment of both nations to uphold multilateralism and economic globalization. Both sides emphasized the importance of maintaining a rules-based multilateral trading system, centered around the World Trade Organization, to build an inclusive and open world economy.
Highlighting the discussions, the two countries agreed to enhance cooperation across various sectors, including industry, agriculture, and energy. A key focus was placed on maintaining secure, stable, and smooth global production and supply chains. Both nations expressed a strong opposition to decoupling and are committed to reducing barriers to two-way investments, thereby promoting a non-discriminatory and open business environment.
Finance emerged as a standout area of cooperation during the dialogue. China and the UK pledged to strengthen collaboration on financial policies and regulation, aiming to achieve practical outcomes in opening and connecting their financial markets. This collaboration is expected to not only benefit the two countries but also contribute positively to the global economy.
Vice Premier He Lifeng emphasized that the outcomes of the dialogue reflect the depth and breadth of China-UK economic and financial cooperation. He assured that China is ready to work closely with the UK to implement these outcomes, fostering mutual development and global economic stability.
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China, UK reach 69 win-win outcomes at economic and financial dialogue
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