Reeves visits China to boost trade ties as UK faces economic challenges

Chancellor Rachel Reeves is visiting China for three days to strengthen trade ties amid rising government borrowing costs at home. Critics from her party argue she should have canceled the trip to focus on domestic economic issues. The UK faces its highest borrowing costs in years, impacting tax revenue and potentially leading to spending cuts or tax increases. The pound has also fallen to its lowest level in over a year. Reeves is accompanied by senior financial officials and plans to meet China's Vice Premier and UK firms in Shanghai. The government aims to revive economic discussions with China, which have been stalled since the pandemic.