UK Steps Up Trading with China
UK Steps Up Trading with China

Chancellor George Osborne and Business Secretary Vince Cable have traveled to China as part of the UK's trade mission with the emerging economic giant. Prime Minister David Cameron will be joining them on Tuesday, as well as 50 British business leaders.

The trade mission is a high-profile initiative intended to bolster business with China. It comes after a high-profile visit to India by members of the Government in July.

While Mr. Cameron's office has announced that the Prime Minister plans to challenge China on its human rights record, it has not specified the subjects that will be raised.

"[The UK's] current account deficit with China is by far the largest deficit we have with any trading partner", said a spokesperson. The visit highlights the coalition's priority of broadening global trade links. Special emphasis has been placed on developing markets, namely India and China, whose economies are growing exponentially.

The UK's exports to China are currently relatively small, while its imports are almost triple the size; experts have noted that the trade gap with China is substantial.

Mr. Cable said that the country has enormous potential. "There are about 15 business deals that the group are working their way through today, you know everything from coal gasification technology to architects to an auto-collaboration to work with Tesco and agreements between University College London and Chinese universities."

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