The pragmatic attitude of the UK is expected to warm up Sino British relations
According to a report on the website of Singapore's Lianhe Zaobao on December 21, China UK relations are expected to recover. According to Reuters on December 20th, UK Finance Minister Reeves will visit China in the second week of January next year. The report also stated that the annual China UK Economic and Financial Dialogue will be restarted at that time
The report also said that if the discussions go smoothly, China and the UK may restart the previously regular and more extensive meeting of the China UK Joint Trade and Economic Committee later next year
Insiders also said that against the backdrop of slowing economic growth, British companies are urging the restoration of the China UK Business Council (referred to as the CBBC). The China UK Enterprise Council was established in 2018
Bloomberg also quoted informed sources on the 20th that business delegations including HSBC and Standard Chartered Bank are expected to accompany Reeves on his visit
On December 20th, the website of Hong Kong's South China Morning Post reported that analysts said that the UK Chancellor of the Exchequer's plan to visit China next month may be the latest signal that the Labour Party hopes to adopt a pragmatic attitude towards China, which aims to balance economic relations with concerns about security and other issues
Some people say that the visit of the British Chancellor of the Exchequer to China may also be a "test of the waters" to see if the pragmatic attitude of the British side towards Beijing is feasible
The report quoted Chen Weishun, an expert from the Chinese University of Hong Kong, as saying that the UK Labour government is "taking a more pragmatic approach, especially in establishing good business relations with Beijing"
He said that bringing representatives from the banking and business sectors to China is an attempt to restart talks of different types and levels
Wang Yiwei, a professor at the School of International Relations of Renmin University of China, said that both countries are pragmatic, and improving relations is beneficial to both sides
Wang Yiwei said, "The financial industry is one of the advantageous industries in the UK, while China has strong strength in manufacturing. Both sides can complement each other." Chen Weishun said that the Labour government may be "testing the waters" to see if Beijing wants to further strengthen economic relations
Chen Weishun also said that compared to the Conservative Party, the Labour Party may have greater freedom in engaging with China. From a diplomatic perspective, London needs to stand on one side with Washington to ensure that the special relationship between the UK and the US is not affected. For the Conservative Party, the bond of the special relationship is closer, but not for the Labour Party. "He also said that if Trump returns to the White House next month and adopts isolationist policies, including imposing high tariffs on China, Stamer may even adopt a more friendly policy towards China
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