Business / Economy

China, Britain pledge to forward cooperation

(Xinhua) Updated: 2014-06-18 10:45

LONDON - China and Britain agreed to work together to push forward bilateral cooperation in growth, reform and innovation, according to a joint statement issued on Tuesday.

The document, issued after the annual meeting between visiting Chinese Premier Li Keqiang and his British counterpart David Cameron, underlined that since the establishment of the China-Britain comprehensive strategic partnership a decade ago, bilateral relations have made significant progress.

China, Britain pledge to forward cooperation

China, Britain pledge to forward cooperation
China and Britain agreed that their comprehensive strategic partnership has become an indispensable element of each other's foreign policy agendas, the document said.

China and Britain stand ready to expand economic and trade cooperation and promote development in each other's markets. They renewed their commitment to the joint target of $100 billion by 2015.

The two countries stressed the importance of mutual investment in promoting respective long-term economic growth and employment. Britain welcomed Chinese investment in infrastructure such as transportation and energy, particularly nuclear, high-speed rail, offshore wind power and photovoltaic projects.

Both sides agreed to establish a strategic partnership on infrastructure and committed to working together to support further collaboration between Chinese and British companies on more projects.

China and Britain welcomed the cooperation on civil nuclear energy and signing of a joint statement on civil nuclear power.

The two sides agreed to promote substantive cooperation on rail, including high-speed rail, in areas such as design, engineering, construction, supply operation and maintenance.

Both sides welcome a greater role of yuan in international trade and investment and the establishment of a yuan clearing bank in London.

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