Osborne to Take U.K. Delegation to China to Strengthen TiesSvenja O’Donnell
Chancellor of the Exchequer George Osborne will head a U.K. delegation to China in a push to boost the country’s economic and cultural ties with Britain.
The trip, starting Saturday, will include stops in Beijing, Shanghai and Chengdu, the Treasury in London said in an e-mailed statement Friday. The delegation of business leaders and government ministers will include Commercial Secretary to the Treasury Jim O’Neill.
Osborne said last month that the U.K. economy is vulnerable to international shocks after concern about a slowdown in China caused a global market selloff. He’ll argue that Britain should respond by strengthening its relations with the world’s second-largest economy to create more business and investment opportunities.
“I want us to forge closer economic and cultural links with China,” Osborne said in the statement. “Our partnership for growth, reform and innovation is helping to deliver record levels of investment and trade in both directions, but there is much more we can do.”
Business Secretary Sajid Javid, Energy Secretary Amber Rudd, Communities Secretary Greg Clark, Minister for Small Business Anna Soubry and City Minister Harriett Baldwin will attend parts of the tour, the Treasury said.
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