China, UK pledge more cooperation

China and the United Kingdom pledged during the new round of economic and financial dialogue in London on Monday to strengthen cooperation on the Belt and Road Initiative and support the multilateral trade system.

Vice-Premier Hu Chunhua called on the two countries to implement the consensus reached between their leaders, work with each other more on the BRI, closely coordinate their macroeconomic policies, and expand trade and investment partnership.

"China and the UK should foster new highlights in financial cooperation and improve global economic governance to inject new vitality to our bilateral relations," Hu said.

Hailing the fruitful cooperation since the first economic and financial dialogue, Hammond said the UK has unique advantages in participating in the BRI and will be ready to boost trade, investment, finance and energy cooperation with China.

The UK will work with China to safeguard multilateralism and the multilateral trade system, Hammond said. Following the dialogue, Hu and Hammond attended a joint press conference, after which Hu also met with British Prime Minister Theresa May.

Xinhua