UK finance minister Rachel Reeves visits China to discuss trade and economic cooperation
legit.ng —
UK finance minister Rachel Reeves began her visit to China on Saturday, the first by a senior British official in seven years. The trip aims to revive trade discussions as UK government bond yields hit a 17-year high. Reeves plans to meet her Chinese counterpart, He Lifeng, to discuss economic cooperation, including financial services. The visit comes amid rising UK borrowing costs, complicating the government's financial situation. The UK government is adopting a "progressive realism" approach to China, balancing cooperation on trade and climate with challenges over human rights and geopolitical issues.