UK Trade Secretary hosts Chinese delegation to boost services exports

UK Trade Secretary Peter Kyle hosted a Chinese delegation on Tuesday to launch a new initiative aimed at increasing British services exports to China.

UK Trade Secretary Peter Kyle hosted a delegation from China on Tuesday. They launched a “trade booster” initiative to support UK businesses expanding exports into China.

Brompton Bikes and HSBC attended from the UK side. JD.com and ICBC Bank represented China.

Kyle said: “The UK is a services superpower, and I want us to turbocharge our services exports and get more British engineers, architects, and accountants exporting their skills to China.” He added that more ambition was needed for secure growth amid global uncertainty.

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Hong Kong Chief Executive signing trade agreements with Central Asian nations in a formal ceremony.
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Hong Kong delegation signs deals with Central Asian nations

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Chief Executive John Lee Ka-chiu led a trade delegation that signed 96 agreements valued at over 1.65 billion US dollars during visits to Kazakhstan and Uzbekistan. The trip concluded on June 6 with cooperation in economy, finance, aviation and culture. Uzbekistan agreed to open a consulate general in Hong Kong.

British Foreign Secretary Yvette Cooper is scheduled to meet Chinese officials in Beijing this week amid signs of improving ties between the two nations.

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Chinese officials and executives highlighted plans to ease market access and expand services sectors at a business conference ahead of an APEC trade meeting in Suzhou.

Hong Kong finance chief Paul Chan said the city is positioned to help Beijing promote its China Opportunity 2.0 initiative to global investors.

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South Korea's trade ministry and the government of China's Jiangsu Province held a joint forum on Wednesday to promote economic and trade cooperation between the two sides.

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