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(单词翻译:双击或拖选)
Before David Cameron’s visit...the Mayor of London, Boris Johnson, as well as the country’s Chancellor1 of the Exchequer2 George Osborne already made trips to China in October. The tone of boosting economic ties was already set then.
The United Kingdom is keen on doing more business with China, and the feeling is mutual3.
"For we see China’s remarkable4 economic success story, not as a threat, but a huge opportunity for our country," said George Osborne, UK chancellor of the exchequer.
During his visit, China and the UK signed an agreement on civilian5 nuclear power, including Chinese investment in a UK power plant. An 800-million pound joint6 venture was also announced to develop land around Manchester Airport.
"Every year the UK government needs 33 billion pounds of investment, but it’s short of money since the economic crisis. China has a large amount of money for investment overseas. This can transfer domestic excess production capacity and create jobs," said Prof. Wang Yiwei, deputy director of EU research center, Renmin Univ.of China.
Another key area is Renminbi-denominated business. China and the UK have agreed on an 80 billion yuan quota7 for the Renminbi Qualified8 Foreign Institutional Investor9 program in London. Foreign investors10 can buy mainland stocks, bonds and other yuan assets. They also agreed to have Chinese banks set up wholesale11 branches in London.
"My ambition is to make sure London is the western hub for yuan business," said George Osborne, UK chancellor of the exchequer.
And China welcomes greater involvement of British companies in its new Free Trade Zone in Shanghai. It’s estimated that last year, UK was the second largest EU investor to China, after Germany. And it’s the most popular destination in Europe for Chinese investment - which last year leapt 95 percent in the UK.
1 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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2 exchequer | |
n.财政部;国库 | |
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3 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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4 remarkable | |
adj.显著的,异常的,非凡的,值得注意的 | |
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5 civilian | |
adj.平民的,民用的,民众的 | |
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6 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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7 quota | |
n.(生产、进出口等的)配额,(移民的)限额 | |
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8 qualified | |
adj.合格的,有资格的,胜任的,有限制的 | |
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9 investor | |
n.投资者,投资人 | |
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10 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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11 wholesale | |
n.批发;adv.以批发方式;vt.批发,成批出售 | |
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