Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to improve Britain's economic ties with China.

In 2014, UK goods exports to China were worth £15.5bn, making China our 6^th largest goods export partner. The government wants to improve this relationship, with a target for China to be the 2^nd largest recipient of UK exports within a decade.

The Government warmly welcomes the State Visit of President Xi and Madame Peng, an important milestone that should lay the foundations for a golden age in the bilateral relationship. The Visit will build upon the sustained engagement by the Chancellor and other Ministers to deepen UK-China economic cooperation, including via the annual, Chancellor-led Economic and Financial Dialogue (EFD).

At the most recent EFD in September 2015, both sides agreed a package of measure to strengthen their long-term collaboration, including on capital markets, bond markets, green finance, asset management and insurance. Further detail can be found at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/462412/EFD_factsheet.pdf