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Chinese Premier: We want bigger ties with Europe
Exclusive: Li Keqiang says Beijing “firmly supports” European integration and wants to grow its economic ties with the region, targeting $1 trillion of trade with the EU by 2020
Mr Li, who succeeded Wen Jiabao this year as the main political figure in charge of China’s economy and domestic governance, says Beijing is targeting $1 trillion (£620bn) of trade with the European Union by 2020.
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9:00PM GMT 21 Nov 2013
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Is Chinese investment good for Britain?
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China “firmly supports” European integration and wants to grow its economic ties with the region, including the UK, according to Premier Li Keqiang.
Writing in the Telegraph, Mr Li, who succeeded Wen Jiabao this year as the main political figure in charge of China’s economy and domestic governance, says Beijing is targeting $1 trillion (£620bn) of trade with the European Union by 2020.
“This is no 'low-hanging fruit’ and we need to jump to reach it but I am confident we can attain that goal,” he writes, following an agreement in Beijing to boost trade between the world’s second-largest economy and the EU.
“The agenda will definitely provide more opportunities for economic and trade collaboration between China and the UK.”
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The Government is making a big push to secure more Chinese investment. Chancellor George Osborne announced a number of initiatives during a recent visit to Beijing and Prime Minister David Cameron will meet the Chinese premier next month.
China has already committed to participating in a new £16bn nuclear power plant at Hinkley Point. The Beijing Construction Engineering Group recently made a substantial investment in Manchester Airport expected to create 16,000 jobs.
On the subject of EU unity, Mr Li adds that “China will, as always, firmly support Europe’s integration process. A united, stable and prosperous Europe is in the interest of the world and of China.”
He cautions that the world economic recovery remains “bumpy and fragile” but says China’s economy will grow this year by 7.5pc, with inflation at around 3.5pc. Dispelling fears that China’s urbanisation is slowing, he says the country will create 12m new jobs this year.
Exclusive: Li Keqiang says Beijing “firmly supports” European integration and wants to grow its economic ties with the region, targeting $1 trillion of trade with the EU by 2020
Mr Li, who succeeded Wen Jiabao this year as the main political figure in charge of China’s economy and domestic governance, says Beijing is targeting $1 trillion (£620bn) of trade with the European Union by 2020. Enjoy a brighter financial future - Click here for your Experian Credit Report.
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9:00PM GMT 21 Nov 2013
261 Comments Is Chinese investment good for Britain?
VoteView Results
China “firmly supports” European integration and wants to grow its economic ties with the region, including the UK, according to Premier Li Keqiang.
Writing in the Telegraph, Mr Li, who succeeded Wen Jiabao this year as the main political figure in charge of China’s economy and domestic governance, says Beijing is targeting $1 trillion (£620bn) of trade with the European Union by 2020.
“This is no 'low-hanging fruit’ and we need to jump to reach it but I am confident we can attain that goal,” he writes, following an agreement in Beijing to boost trade between the world’s second-largest economy and the EU.
“The agenda will definitely provide more opportunities for economic and trade collaboration between China and the UK.”
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The Government is making a big push to secure more Chinese investment. Chancellor George Osborne announced a number of initiatives during a recent visit to Beijing and Prime Minister David Cameron will meet the Chinese premier next month.
China has already committed to participating in a new £16bn nuclear power plant at Hinkley Point. The Beijing Construction Engineering Group recently made a substantial investment in Manchester Airport expected to create 16,000 jobs.
On the subject of EU unity, Mr Li adds that “China will, as always, firmly support Europe’s integration process. A united, stable and prosperous Europe is in the interest of the world and of China.”
He cautions that the world economic recovery remains “bumpy and fragile” but says China’s economy will grow this year by 7.5pc, with inflation at around 3.5pc. Dispelling fears that China’s urbanisation is slowing, he says the country will create 12m new jobs this year.
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