China’s New Ambassador to the UK Calls for Strengthened Trade Ties Amid Political Tensions
China’s newly appointed ambassador to the United Kingdom, Zheng Zeguang, has expressed hope for reinforced trade relations between the two nations, despite existing “headwinds” in their bilateral ties.
Speaking at a webinar celebrating the 20th anniversary of the Chinese Chamber of Commerce in the UK, Zheng made his first public appearance as ambassador. He underscored the significance of China-UK economic cooperation, stating that “China creates opportunities for the UK rather than poses a threat.”
China stands as the UK’s fifth-largest trading partner, with annual bilateral trade in goods and services amounting to $112 billion. Over the past two decades, the economic relationship has seen remarkable growth, with exports between the two countries increasing by nearly 900 percent. According to Sherard Cowper-Coles, chair of the China-Britain Business Council, “There are now more than 800 Chinese-owned companies trading in the UK, employing some 75,000 people throughout the country.”
Zheng emphasized the importance of a stable relationship for businesses on both sides, saying, “The sound development of China-UK relations will provide a stable and predictable macro-environment for the enterprises of our two countries.” He acknowledged the existing challenges, noting that the countries are at a “critical juncture” and that it is “even more important that businesses keep working” to enhance ties.
The ambassador’s remarks come amid heightened political tensions between London and Beijing. Issues such as the future of the Hong Kong Special Administrative Region and retaliatory sanctions over allegations concerning the Xinjiang Uygur Autonomous Region have strained relations. Zheng addressed these tensions by stating, “It is not surprising that we have different views on certain issues, but the key is to respect core interests and major concerns.”
Bilateral ties had previously peaked during former Prime Minister David Cameron’s tenure, which marked a “Golden Era” of relations with China. However, recent years have seen several high-profile deals reviewed and increased wariness in the UK regarding Chinese investment in sensitive areas of the economy. Notably, last year, the telecommunications firm Huawei was excluded from participating in the UK’s 5G networks—a decision Huawei claimed would cost the UK billions of dollars.
Cowper-Coles highlighted the tangible benefits of trade, emphasizing that it is “about real people making, buying, and selling real things.” He and Zheng both advocated for continued dialogue and cooperation to navigate the current challenges and sustain the growth of economic partnerships.
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China's UK ambassador calls for closer trade ties despite 'headwinds'
cgtn.com
