China And Britain Announce "Together" China Is Launching "Save Britain".

Chinese Vice Premier Ma Kai and British Chancellor of the exchequer Philip Hammond jointly hosted the eighth Sino British economic and financial dialogue in London.

China and Britain unanimously recognize the huge benefits brought by an open global economy, and trade and investment play a vital role in global economic growth and innovation.

Recognizing the contribution of the multilateral trading system to enhancing and stabilizing the global economy, the two sides reaffirmed their commitment to maintaining the multilateral trading system and observing them.

Rules.

Today, the list of achievements is officially announced on the official website of the Ministry of finance of China. At least in 10 aspects, China is facing difficulties in the UK:

1, reaffirming that China and Britain will build a "global strategic partnership towards the twenty-first Century", showing "never abandon".

On the other side of the eurozone, Germany, France and others are plotting how to make Britain "peel off".

2, the Chinese side will continue to encourage Chinese enterprises to invest more in the UK and reiterate that the UK remains China's main economic partner in Europe.

3, China announced that Britain is still the world's leading global financial service centre, welcoming London's important role in supporting the internationalization of RMB and supporting London's continued development as the world's leading offshore renminbi centre.

4, the two sides are committed to strengthening and significantly increasing trade relations between the two countries, exploring bilateral trade potential, improving mutual access to trade and investment, and expanding cooperation between the two countries in the world.

The two sides will set up a working group to intensify discussions on trade, including exploring future opportunities for Britain to leave Europe.

5, the two sides in the world before the high-profile "show love", announced: China and Britain have incomparable financial partnership.

Recognizing that London, as the world's leading international offshore renminbi centre, will support the integration of China's financial market into the international market through the London financial centre.

6, in the list of achievements, China said: London capital market has unrivalled depth and liquidity and financing opportunities.

Chinese and British officials announced that the Shanghai stock exchange and the London Stock Exchange will be launched in the future.

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7, China welcomes the greater involvement of British issuers in the development of China's interbank bond market and encourages UK institutional investors to actively participate in interbank market pactions and related services, and welcome UK institutional investors to invest in the exchange bond market through QFII and RQFII.

8, China has promised to gradually increase the upper limit of shareholding ratio for foreign financial institutions eligible for equity participation in securities companies and fund management companies.

This is an important development of China's financial industry opening to the outside world, but it is announced to the whole world in the list of achievements made in China and Britain, which is again suggesting to the whole world that Britain is really important.

9, the China Insurance Regulatory Commission welcomes and encourages qualified British insurance companies to apply for licences and conduct business in China through wholly foreign-owned enterprises and Sino foreign joint ventures.

10, China will support and actively participate in the British plan to pform the northern economic growth area.

There are 63 items in the list of Chinese and British achievements. I just listed 10 more important elements that support the development of Britain.

If we sum up, there are three main points:

First, China has declared to the world that it will continue to recognize London as the world's largest financial centre in Europe.

There are at least three substantive measures, one is to support London as an offshore center for RMB, the two is to promote Shanghai Stock Exchange, and the three is to announce the latest major initiative of China's financial industry opening to the outside world in London.

In addition, China also plans to pform its financial regulatory system, in which the "British system" may become the main reference.

The weight of this sentence is very heavy: "it will support the integration of China's financial market into the international market through the London financial centre".

In other words, this is simply a declaration of true love. It is estimated that New York, Tokyo, Singapore and Hongkong will cry in the toilet.

The biggest concern of Britain's withdrawal from Europe is that the financial centre of London will be shaken in the future because the euro settlement center may move away, and many financial institutions providing financial services to Europe will also move away.

In this way, London's position as the world's largest financial centre will be shaken, and the whole of Britain may face a deep recession.

At this critical moment, China has stood ahead of Britain.

Second, declare Britain as the "trade import" status of China in Europe.

Do you think Germany is not restricting the acquisition of Chinese enterprises? China will encourage Chinese enterprises to invest more in the UK, and reiterate that the UK remains China's main economic partner in Europe.

Third, China will deeply participate in the "pformation of the northern economic growth area" and integrate this strategic plan with China's "one belt and one way strategy".

What is the "northern economic growth area"? You should not think of Scotland. It refers specifically to Liverpool, Manchester, Liz and Sheffield (see chart below).

So it's in northern England, or in Central England.

From the first industrial revolution, this area is a major manufacturing and mining industry in the United Kingdom and even in Europe.

Since the 70s of last century, a large number of factories and mines have been shut down and high unemployment rate has been seen in the northern industrial cities.

To this day, the economic development in the north still lags behind the economically developed cities such as London and the southwest.

In a word, the "North economic growth area", similar to China's three northeastern provinces, needs to be rejuvenated.

According to media reports, the United Kingdom introduced to the Chinese side the "northern economic growth area" total 5 billion worth of 13 large investment projects.

To tell the truth, 5 billion pounds is nothing. Recently, a British natural gas supply project which Li Jiacheng participated in the acquisition amounted to 11 billion pounds.

The 13 items of the 5 billion pound are mostly urban matching projects, whether they are Vanke, Wanda or Hengda.

As early as the British referendum, I predicted that China could and should save the UK.

At that time, many readers were strongly opposed to the message and asked me: "why?"! Some people mentioned the Opium War and the dispute between China and Britain before and after the return of Hongkong.

In fact, this is a vision without vision.

Britain has indeed invaded China in history, and the nature of the two Opium War can not be changed.

but

At the same time, it was also an ally of China during World War I and World War II. Britain was the first western country to recognize new China.

Aside from history, China's "rescue of Britain" is definitely not a unilateral foreign aid, but a political and economic multifaceted cooperation.

With the British spirit of contract, China's investment in the UK will never be wasted.

Moreover, China's "one belt and one way strategy" also needs to have a chance to land in Europe.

It is the best opportunity to help Britain out of difficulties.

In the Sino British results list, we can also see many British support for China: Britain urges the EU to fulfil its obligations under the fifteenth protocol of China's accession to the WTO, recognize China's status as a market economy country, and Britain's commitment to participate in China's "revitalization of the northeast" plan, granting the Bank of China and China Merchants Bank a licence to open a branch in London.

The two sides welcome the banking institutions including the Agricultural Bank of China and Shanghai Pudong Development Bank to further submit their applications in the UK after their preparations.

The United Kingdom supports China's new circle of friends, such as the Asian infrastructure investment bank and the BRICs new development bank.

Play a greater role in the organization.

In addition, China and the United Kingdom also addressed the newly elected US President Trump:

The two sides promised to strengthen communication and coordination, to find a way out for the Doha Round negotiations, to promote the Doha Round negotiations as soon as possible to achieve development goals, and to jointly safeguard and strengthen the multilateral trading system.

The two paragraphs are rich in meaning. The first paragraph tells Trump that he can not engage in "closed door doctrine".

The second paragraph is to deal with TPP and TTIP, the two Obama's political heritage is about to be buried, the world will return to the "WTO era", and the role of WTO should be further played.