- Doubling the size of MediaCityUK in Manchester
- Delivering 1,000 new homes in Liverpool
- Investment in Sirius Minerals' new Yorkshire mine
I’m determined that as we leave the European Union, we build a truly global Britain that is open for business. That is the message I took to India this week, and that’s the message I will be giving Vice Premier Ma Kai on his visit to the UK.Hammond said: "The mutual benefits are clear. China is the world's second-largest economy. UK exports to China have grown rapidly and Britain is home to more Chinese investment than any other European country." He described the UK's relationship with China as "more important than ever". Ma said: "China wishes to see a UK and Europe that encourage stability and high prosperity. China will be happy to see the UK and Europe reach a win-win relationship through negotiation." The trip follows a recent hiccup over whether the Chinese-funded nuclear power station Hinkley Point C would go ahead. May delayed the approval when she became Prime Minister, but eventually waved the deal through – with some security safeguards. Former business secretary Vince Cable said after May halted approval on the Hinkley nuclear reactors that she has “a general prejudice” against Chinese investment. And former Goldman Sachs banker Lord Jim O'Neill quit the government last month after criticising May's approach to China After the victory of Donald Trump in the US election, Chinese traders are worried about his plans to slap tariffs of up to 45 per cent on Chinese goods.
As we take the next step in this golden era of relations between the UK and China, I am excited about the opportunities for expanding trade and investment between our two countries.