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China, Britain co-host economic, financial dialogue in London

Updated: Sep 13,2014 12:32 PM     Xinhua

LONDON — Vice-Premier Ma Kai and British Chancellor of the Exchequer George Osborne co-chaired the sixth China-UK Economic and Financial Dialogue (EFD) here on Sept 12.

China and Britain should further reinforce coordination of their macroeconomic policies and enhance international economic and financial cooperation, Ma said.

The two sides also need to deepen cooperation in trade and investment and develop a number of large projects with a powerful driving force, he stressed.

China and Britain should make full use of their advantages and continually boost financial cooperation, he said.

On Sept 11, Ma met with British Prime Minister David Cameron ahead of the dialogue and conveyed Premier Li Keqiang’s cordial regards to Cameron.

The primary mission of this year’s dialogue is to promote the implementation of important consensuses leaders of China and Britain have reached and further bilateral pragmatic cooperation, Ma said.

He said both China and Britain are pushing for reforms and structural adjustments, and are facing new opportunities in cooperation.

He told Cameron that China is willing to deepen practical cooperation with Britain, enhance cooperation in nuclear energy, high-speed rails, finance and technology, and inject new impetus into the comprehensive strategic partnership between China and Britain.

He said bilateral relationship has been strengthening in recent years, as more high-level dialogues have been held and trade and investment have become more frequent.

He expected the EFD to bring new breakthroughs this year and welcomed more Chinese investments in Britain.

Cameron said he was looking forward to improving the cooperation of some large-scale infrastructure projects with China, such as those in nuclear energy and high-speed rails, and to join hands with China to oppose trade protectionism at the forthcoming G20 summit in Brisbane, Australia.

Ma will visit some British enterprises and leave for Paris on Sept 13.