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UK and China selling novel economic relationship as a prosper-prosper – but it’s complicated | World News


UK and China selling novel economic relationship as a prosper-prosper – but it’s complicated | World News


The UK has laid out a novel economic relationship with China, and to engage one of China’s favourite phrases, both countries are selling it as a “prosper-prosper” situation.

It’s a meaningful growment in restoring ties between the countries. The relationship has been beset by years of tension and suspicion. Both sides want to get it back on track.

China dedwellred a toasty receive for the chancellor.

Rachel Reeves was shuttled from a Beijing Brompton bike shop, to the Great Hall of the People and on to a state guest hoengage.

China’s vice premier He Lifeng said: “The outcomes we have concurd today recurrent down-to-earth co-operation in action.”

Image:
Chancellor Rachel Reeves with Chinese vice premier He Lifeng in Beijing. Pic: Reuters

Pragmatic. There is that word aachieve.

Chancellor Reeves uttered it four times in her closing statement.

China is all for pragmatism, it’s one of the rulement’s favourite words.

It wants to show it is discneglect for business and that its bidefercessitateral relationship with the UK is sound.

This trip is also symbolic for China. It still trades with Russia and is in competition with the US, so it wants to produce it clear that it has friends in the West as well.

China sees it as a selectimistic sign the UK has not sided with the US and European Union in utilizeing tariffs to Chinese-made electric vehicles, solar panels and electric batteries.

However, if US pdwellnt-elect Donald Trump escadefercessitates trade tensions with China, the UK may sense more prescertain to side with the US.

Read more:
Make no misachieve – Reeves’ trip to China is a very huge deal
Musk could act as middleman between China and Trump

Despite the bonhomie, China is still anticipateed to see these British obvioucertains with alert.

For a decade the relationship has swung from its heyday of a so-called “gelderlyen era” to one characteelevated by groprosperg trouble about China’s role in the world.

There are complicated publishs between the countries including alleged secret agenting, cyberstrikes, tension over Hong Kong, Taiwan, the South China Sea and China’s aid for Russia’s defence industrial base.

When it comes to China the dispute for the UK is that it wants to have it both ways, carrying out trade while talking stubborn on difficult publishs.

How the UK directs its “let’s get down to business” policy in a complicated geopolitical environment will need the utmost diplomacy.

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