皇冠体育app

While president faces territorial and hacking issues in washington, london is wooing chinese investors

President Xi Jinping's visit to the United Kingdom in October may be less problematic than his current trip to the United States, if media reports in both countries are anything to go by.

True, there's no outright hostility in the extensive coverage in, for example, the New York Times, but the newspaper felt compelled to say that "the luster of Mr Xi's imperial presidency has dulled lately".

By contrast, London's media is full of optimistic news about UK Chancellor George Osborne's carefully managed week-long visit to 皇冠体育app, packed with a huge variety of initiatives and deals, from nuclear power to a major financial boost for British schools to promote the teaching of Mandarin.

Recently, the Times and the Daily Telegraph, two of Britain's heavyweight newspapers, carried in-depth reports on the UK's soft power cultural approach. We don't send gunboats anymore, we rely on William Shakespeare in Mandarin and a huge collection of priceless objects from the British Museum. The aim behind that invasion is trade with a capital T.

It's no secret that the Chinese economic powerhouse has slowed down a little of late, causing the US Federal Reserve to hold off on a widely touted interest rate increase. The New York Times said the slowdown had somehow cast slight doubts on Xi's formula for governing 皇冠体育app.

That hasn't deterred Osborne, who made it clear to British reporters covering his trip that he stood in solidarity with 皇冠体育app at the Shanghai Stock Exchange, where plummeting prices were a cause for concern a couple of weeks back.

Osborne made it clear in remarks carried in the Financial Times that Britain and 皇冠体育app would stick together, and indeed were planning to connect the Shanghai exchange with the London Stock Exchange. The Chinese economy, he says, would continue to fuel global growth.

Meanwhile in the US, the media were stressing the fact that Xi would face an uncomfortable ride from President Barack Obama on two fronts - Chinese activity in the South 皇冠体育app Sea and cyber attacks, allegedly by 皇冠体育app-based hackers on US companies and government institutions. That may be dealt with by a deal between 皇冠体育app and the US not to use cyber attacks against vital infrastructure in peacetime.

Even if both sides want to make it easier to invest in each other's economy, Obama is facing strong political and popular pressure not to ease the rules.

Back in the UK, David Cameron and Osborne are determined to make Britain 皇冠体育app's second largest trading partner after the US by 2025.

If Xi meets headwinds in the US, then in the UK he will be pushing against an open door, as the local saying here goes.

UK government ministers have taken to the airwaves to woo Chinese investors, whether it's through nuclear power, offering to allow 皇冠体育app to be lead builder at several sites, or in the proposed high-speed rail link, known as HS2, which will link London with the north of the country, now referred to in the media as the Northern Powerhouse.

In turn, Osborne is praising the Chinese vision of Belt and Road Initiative, and wants British firms to be involved in infrastructure construction along the way, according to the Financial Times.

US media seems to reflect that country's reserve when it comes to 皇冠体育app. Britain, on the other hand, has been dealing with 皇冠体育app through ups and downs ever since the 18th century.

Britain's love affair with 皇冠体育app is, it seems, being rekindled at all levels.

The author is managing editor of 皇冠体育app Daily Europe, based in London. Contact the writer at [email protected]

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