Britain's Treasury chief heads to China to revive economic, financial talks

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Britain's Treasury chief heads to China to revive economic, financial talks - Business Standard

Quick Summary:

Britain's Treasury chief is travelling to China this weekend in a bid to boost economic and financial cooperation between the countries, as the UK's Labour government seeks to reset strained ties with Beijing.

A focus of Reeves' trip is reviving the China-UK Economic and Financial Dialogue annual bilateral talks that have been suspended since 2019 due to the COVID-19 pandemic and deteriorating relations in recent years.

Rachel Reeves will seek stability in the United Kingdom's relationship with China and aim to help grow Britain's lackluster economy, the Treasury said on Friday.