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Jobs boost as UK secures new deals with China

05 February 2018

After a three-day trade visit to China, Prime Minister Theresa May left the country having secured deals worth more than £9.3 billion for British businesses.

Prime Minister Theresa May left China on Friday after a three-day trip that she said marked the “opening new chapter” in Sino-UK relations and which had secured deals worth more than £9.3 billion for British businesses.

Mrs May’s upbeat assessment of the trade mission was echoed by President Xi Jinping who said he planned to upgrade the “golden era” in relations between the two countries.

According to Chinese media reports, Mr Xi told the prime minister when they met in Beijing on Thursday that future relations would “add new meaning into the bilateral ties so as to forge an enhanced version of the golden era.”

The reports also said that Beijing had appreciated Mrs May’s support for the China-backed Asian Infrastructure Investment Bank and her “intelligence and pragmatism” in backing Mr Xi’s Belt and Road plan to build a new Silk Road.

A government spokesman in London said that deals sealed during the visit would create more than 2,500 jobs in the UK, including 890 in financial services, where companies had secured deals worth more than £1 billion as well as new access to Chinese markets. China has also agreed to open up its domestic market to UK agricultural products.

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