China and Britain have resumed economic and financial discussions after a six-year pause, with Britain's Treasury chief visiting Beijing to reset strained ties with the world's second-largest economy. The talks took place during a visit by Chancellor Rachel Reeves, who led a delegation of British business executives and finance officials. Reeves met with Chinese leaders, including Vice Premier He Lifeng and Vice President Han Zheng, emphasizing the importance of a stable and pragmatic relationship between the two countries.
The Sino-British ties had deteriorated due to spying allegations, China's support for Russia in the Ukraine conflict, and concerns over civil liberties in Hong Kong. Reeves urged Beijing to halt its material and economic support for Russia in Ukraine and raised issues regarding rights and freedoms in Hong Kong. The discussions resulted in agreements in finance valued at 600 million pounds ($732 million) over the next five years for the U.K. economy.
