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President Xi's UK visit to boost investment

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Chinese President Xi Jinping will make his first state visit to the UK next week. Xi's predecessor Hu Jintao visted the UK ten years ago. The trip is set to start a 'golden age' of China-UK relations, and create a better trade climate in Europe.

Chinese President Xi Jinping will make his first state visit to the UK next week. 

The world closely watched President Xi's recent trip to the U.S. and now all eyes will be on his first UK visit.

An Official with China's Ministry of Commerce recently said that big deals will be signed during the visit. Beneficial areas would cover high-speed railways, nuclear power and finance. The assistant minister hopes they will push forward with the China-EU free trade deal.

"Britain is an important member of the EU and consistently upholds a free trade position. (Britain) has always been supportive in conducting joint feasibility studies for a China-EU free trade zone, which China appreciates. We hope Britain continues to play a positive role in internal EU matters and pushes for high-tech exports to China and restrains the use of trade remedy measures against China," said Zhang Ji, assistant minister of China Ministry of Commerce.

Cooperation on nuclear power has been a pillar of China-UK relations. UK Chancellor George Osborne hopes they can cooperate more and become better partners.

There has already been a big improvement in trade. Britain's exports to China more than doubled in the past five years, jumping from 7 billion pounds to 15 billion. And China's investment to the UK enjoyed an annual growth of 85 percent in the last three years. The UK is now China's largest investment destination country in Europe with over 500 Chinese companies setting up booths. China and the UK hope the five day visit will give relations a further boost.


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