Rachel Reeves visits China to boost UK economy amid domestic debt crisis

Chancellor Rachel Reeves visited China to strengthen UK-China economic ties amid a domestic debt crisis. She met Chinese vice-premier He Lifeng, marking the first economic dialogue since 2019, and announced agreements worth £600 million for the UK economy. Reeves emphasized the need for stable relations while addressing national security concerns. Her trip faced criticism as UK gilt markets experienced turmoil, raising fears about government borrowing costs and potential cuts to public spending. The Chancellor's visit aims to improve trade and investment, contrasting with previous strained relations under Conservative leadership. She plans to continue discussions in Shanghai following her meetings in Beijing.