Rachel Reeves emphasizes importance of China for UK economic growth during Beijing visit

UK Chancellor Rachel Reeves is in Beijing to strengthen trade ties with China, which she says are essential for economic growth. She claims this could boost Britain's GDP by £1 billion. Reeves' visit revives the UK-China Economic and Financial Dialogue, last held in 2019. She announced agreements in financial services and agri-food worth £600 million over five years. The Chancellor did not address the UK's bond market turmoil during her visit. Critics from the Conservative Party have questioned her timing, but Reeves maintains her trip is in the national interest.