China's Xi Says U.K. Financial Ties Make Nations Interdependent
- Cites yuan trading hub, AIIB in speech to British parliament
- China's goal is to ensure all equal before the law: Xi
The Financial Links Between China and Britain
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President Xi Jinping cited China’s ties with the U.K. financial-services sector as he told lawmakers in London that the two countries are becoming “increasingly interdependent.”
In a speech to both houses of Parliament on Tuesday, Xi singled out the U.K.’s place as the leading offshore yuan trading center outside Hong Kong and its pioneering issuance of yuan-denominated sovereign bonds, while noting that Britain was the first major western country to apply for membership of the Asian Infrastructure Investment Bank. Addressing an audience including Prime Minister David Cameron, Xi said that his four-day visit provides an opportunity to lift bilateral ties to a “new height.”