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Britain ditches America to become frontrunner of China’s Belt and Road Initiative

Britain ditches America to become frontrunner of China’s Belt and Road Initiative

MOSCOW – The United Kingdom is going to boost trade cooperation with Chinaafter the two countries launched a joint review to identify new growthopportunities, UK Prime Minister Theresa May said Wednesday.

“We are determined to deepen our trade relationship even further… We’vetoday launched a joint trade and investment review to identify prioritiesfor promoting growth in goods, services and investments,” May said at ajoint press conference after meeting with Chinese State Council Premier LiKeqiang.

The UK prime minister, who arrived in China for a three-day visit, notedthat she had discussed China’s Belt and Road Initiative that focuseson cooperation between Eurasian countries.

“The UK is a natural partner for the Belt and Road Initiative with ourunrivaled City of London expertise. And as I’ve discussed with Premier Li…how the UK and China will continue to work together to identify how best wecan cooperate on Belt and Road Initiative across the region and ensure itmeets international standards,” May explained.

The UK prime minister recalled that an inaugural meeting of UK-China CEOCouncil would be held later in the day with the participation of businessleaders and ministers.

“I’m pleased we’ve agreed to intensify the golden era of UK-Chinarelations. UK and China are both global powers with a global outlook,” Maystressed.

The United Kingdom and China also agreed on cooperation in education,improving aviation security, tackling overcapacity in some global markets,especially in steel, as well as on partnership in combating organizedcrime, specifically modern slavery and synthetic drugs, May outlined.