Monday, 15 May 2017

China-UK cooperation on Belt and Road well fit

In World Economy News 15/05/2017

Chinese Ambassador to Britain Liu Xiaoming has said that China and Britain enjoy a mutually beneficial and advantage complement relationship in developing the Belt and Road Initiative, which has become a new highlight in the bilateral relations.
The ambassador’s comments came ahead of the opening of the Belt and Road Forum for International Cooperation, a high-profile international meeting on the China-proposed trade and infrastructure plan connecting Asia with Europe and Africa.
Liu told Xinhua in an exclusive interview on May 12 that Britain boasts developed international finance industry, mature law and consulting businesses, world-renowned think tanks, top-notch science and technology and innovation platforms as well as its language, historical and cultural bonds with the countries along the Belt and Road initiative routes.
‘All these strengths and advantages that Britain has have well fit with the requirements of the Belt and Road construction,’ the ambassador said. ‘ They put Britain in an excellent position to secure the opportunities the initiative has to offer.’
He said that the remarkable opportunities of the Belt and Road cooperation are now up for grabs.
This year marks the 45th anniversary of the establishment of the China-UK ambassadorial diplomatic relations which have grown to a global comprehensive strategic partnership over the past four decades.
Britain will be represented by Chancellor Philip Hammond, a personal envoy of the British Prime Minister Theresa May, at the meeting, which representatives from the British enterprises and think tanks are expected to be attending.
Britain was the first major Western country to apply to join the Asian Infrastructure Investment Bank (AIIB), a multilateral financial institution founded to bring countries together to address the daunting infrastructure needs across Asia. It was also the second contributor after China to inject capital into the AIIB special fund.

Source: The Central People’s Government of the People’s Republic of China