On January 17, 2012, Vice Premier Wang Qishan held a working meeting with British Chancellor of the Exchequer George Osborne in Beijing.
Wang first of all extended welcome to Osborne who visited China at the beginning of the New Year. He said that the China-UK relations have grown mature since the two countries established diplomatic ties 40 years ago. The bilateral cooperation has progressed steadily and the dialogue results have been well implemented since the fourth China-UK economic and financial dialogue. The fifth dialogue will be held in China in the latter half of this year. He hopes the two sides strengthen communications, make full use of the important role of the dialogue mechanism to deepen trade, investment and financial cooperation, achieve more mutually beneficial results and inject vigor into China-UK all-round strategic partnership.
He spoke highly of the progress of bilateral infrastructure cooperation. He particularly said that enterprises of both countries should give full play to their advantages and jointly implement a number of projects with demonstration effects. With one after another successful stories, the infrastructure cooperation will become the role model of bilateral economic and trade cooperation. He hopes the British government provides facilitation for Chinese enterprises to invest in the UK.
He pointed out that the world economic situation remains complex and severe and it is the primary task of all countries to recover the world economy. China and the UK, as important members of the G20, should work with other members to ensure the success of the G20 Summit in Los Cabos and boost the recovery of global economy.
Osborne said that the UK-China economic and financial dialogue played an important role of deepening the bilateral economic relations. UK is willing to strengthen communication and coordination with China on major issues relevant to the British and the Chinese economy and the global economy. As an open economy, the UK sincerely welcomes investment from China and expects Chinese enterprises to invest in its infrastructure. He believes the bilateral cooperation on trade, investment, infrastructure, emerging industries and finance will develop further and bring more benefits to the two peoples on the basis of mutual respect.
The two sides also exchanged opinions on the European economic situation and other issues of common concern.