UK finance minister Rachel Reeves visits China to discuss trade and investment

British finance minister Rachel Reeves will visit China this weekend to discuss trade and investment. This trip marks a shift in the UK’s approach to China, aiming to improve relations after years of tension under the previous government. Reeves will participate in the UK-China Economic and Financial Dialogue in Beijing with Vice Premier He Lifeng. She plans to address financial services, trading ties, and climate cooperation, accompanied by Bank of England Governor Andrew Bailey. This visit follows a dialogue initiated last year between UK Prime Minister Keir Starmer and Chinese President Xi Jinping. The Labour government seeks to balance trade interests with national security concerns, differing from the previous Conservative administration's tougher stance.