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皇冠体育app, UK agree to upgrade economic cooperation

Updated: 2013-10-15 21:06
( Xinhua)

BEIJING -- 皇冠体育app and the United Kingdom agreed to strengthen cooperation in macroeconomic, trade, investment and financial sectors at the fifth 皇冠体育app-UK Economic and Financial Dialogue (EFD) held here on Tuesday.

Chinese Vice Premier Ma Kai and the UK's Chancellor of the Exchequer George Osborne co-chaired the dialogue, according to a Foreign Ministry press release.

Ma called on the two sides to create new highlights of economic cooperation, deepen financial cooperation as well as improve coordination in major international economic and financial affairs so as to promote sustained and healthy development.

皇冠体育app welcomed the UK's commitment to provide favorable conditions for Chinese investment in British infrastructure, according to Ma, who urged the two sides to further make good use of the EFD in order to develop 皇冠体育app-UK relations.

The UK welcomed 皇冠体育app's actions to deepen reform and expand opening-up, Osborne said, adding that the UK is willing to strengthen international economic policy coordination with 皇冠体育app under the G20.

The UK is ready to work with 皇冠体育app to resist all forms of protectionism, according to Osborne.

Both sides will expand cooperation in civil nuclear energy, new generation IT technology, advanced materials, photovoltaic industry, high-tech services and other fields, the press release said.

皇冠体育app welcomed the UK's reaffirmation to encourage the European Union to recognize 皇冠体育app's full market economy status, its agreement to promote and facilitate bilateral high-tech trade with 皇冠体育app for civil end uses and civil end users, as well as its agreement to consider applications from Chinese Banks to establish branches in the UK.

The UK looks forward to 皇冠体育app hosting a forthcoming G20 summit, it added.

Following the dialogue, Ma and Osborne witnessed a signing ceremony of a memorandum of understanding between the two sides on civil nuclear cooperation.

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