16 Feb 2016
The Five Key Elements Shaping UK-China Economic Relations
By the Economist Intelligence Unit
It is no accident that China’s President, Xi Jinping, will attend the UK-China Business Summit during his visit to the Britain this week, since business, trade and investment lie at the heart of the future agenda for developing relations between the two countries. While deals are expected to be signed across a range of sectors, and there is anticipation of further co-operation in financial markets, there are five key elements in the future of UK-China economic relations, which can be encapsulated in the following acronyms: RMB, CIPS, OBOR, AIIB, and FTA. These are the steps on the ladder to help the UK achieve its stated objective of becoming ‘China’s best partner in the West’……
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