The Chancellor of the Exchequer spoke with China's Vice Premier He Lifeng on Thursday, 8 October. During their call, the Chancellor reaffirmed the UK's commitment to a consistent, long-term, and strategic approach to relations with China, based on UK and global interests.
Both officials affirmed their commitment to pragmatic cooperation to support economic growth and financial stability. They also agreed on the importance of the UK-China relationship across trade, investment, and financial services. The Chancellor stated he looked forward to welcoming the Vice Premier to London for the next Economic and Financial Dialogue.
As G20 members, they discussed the importance of working together to support the international financial system and address global economic challenges. The Chancellor also said he would engage frankly and constructively on issues important to the UK, raising macroeconomic imbalances and Russia’s war in Ukraine. Both committed to maintaining dialogue on mutual economic and financial priorities.