Trade Cooperation Between China And Britain Is Larger Than &Nbsp; Trade Frictions Should Not Be Ignored.

Including education, Low carbon Dozens of cooperation projects in the field of creative industries and finance have led Prime Minister Cameron to confidently put forward the Sino British trade doubling plan. Trade The amount doubled before 2015, and the annual trade volume reached US $100 billion.

Yesterday, Cameron officially opened a two day visit to China, and signed a cooperation agreement with China in the fields of education, low carbon and so on. It is reported that China and Britain will hold a larger scale signing ceremony for cooperation projects today. Insiders pointed out that in order to achieve the trade doubling plan, China and Britain are expected to further cooperate in the financial, creative industries, services and other industries.

Before leaving, Cameron wrote in a US media that he hoped that the bilateral trade volume with China would double by 2015, reaching 100 billion US dollars / year, and the export volume to China could reach US $30 billion, and the total volume of bilateral trade in 2009 was only 39 billion 100 million US dollars, far lower than the US $45 billion 600 million in 2008.

"Trade with Britain is an important part of China's foreign trade cooperation. The goal of doubling trade volume in 5 years is consistent with China's overall foreign trade objectives." Bai Ming, deputy director of the International Market Research Institute of the international trade and Economic Cooperation Institute of the Ministry of Commerce, believes that Sino US foreign trade cooperation goals are consistent today in the ongoing pressure on China's foreign trade and the escalation of Sino US trade frictions. Song Hong, director of the International Trade Research Institute of the Institute of world economics and politics of the Chinese Academy of Social Sciences, suggests that the dominant industries in the UK are mainly concentrated in high-end manufacturing, finance, services, education, design and R & D fields. In these areas, China can strengthen cooperation with the United Kingdom. At the same time, China can also export various kinds of products to British exports. "In the field of financial cooperation, for example, Britain Bank China wants to join the Chinese market, while China is committed to the reform of the financial system. policy Promote cooperation in depth.

However, Bai Ming also pointed out that although the Sino British trade cooperation space is relatively large, the friction problem in the process of cooperation can not be ignored.