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China,
UK to Strengthen Trade Ties
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China will work with
the UK in strengthening bilateral ties and bringing trade and
economic cooperation to a new high, Chinese foreign trade minister
Shi Guangsheng told visiting British Trade Minister Richard Caborn
here Monday.
Caborn is leading a delegation on a week-long China tour mainly to
study the investment environment in the central and western
regions.
In a meeting with Caborn Monday afternoon, Shi, minister of
foreign trade and economic cooperation, said as a crucial part of
China's 10th Five-Year Plan (2001-2005), the development of the
west relies on China's own efforts as well as investment from
overseas.
He outlined four focal points in the development of China's vast
western region, which include infrastructure construction,
environment management, agricultural development as well as
development in the science, technology and education sectors.
Sino-British cooperation in all sectors including trade and
economic cooperation has experienced constant expansion in recent
years, Shi said, calling for joint efforts from the two sides to
seek new breakthroughs in the new year.
While briefing the guests on China's absorption of overseas
investment, Shi said he sees potential for further cooperation
between small and medium-sized enterprises (SMEs) of China and the
UK, as many Chinese SMEs enjoy rich and large-caliber human
resources but lack capital and technologies which are abundant in
Britain.
Shi thanked the British government for its support in China's WTO
entry and expressed the hope the UK will help bring an earlier
conclusion to the negotiation.
Caborn said the UK supports China's strategy in developing the
west and wishes to establish a wider partnership with China by
enhancing inter-governmental as well as non-governmental
cooperation.
Caborn and his delegation arrived here Sunday at MOFTEC's
invitation. Vice Minister Zhang Xiang held talks with him earlier
on Monday.
In addition to Beijing, the delegation will visit Lanzhou, a major
city in northwest China, and Chengdu, capital of Sichuan Province
in southwest China.
The UK is currently China's second largest trade partner in the EU,
next to Germany. Bilateral trade volume reached 9.9 billion U. S.
dollars in 2000.
China Central Television
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