Reeves, who will join a UK-China Economic and Financial Dialogue meeting in Beijing with her Chinese counterpart Vice Premier He Lifeng on Saturday and then later travel to Shanghai, is being accompanied by Bank of England Governor Andrew Bailey.
Her appearance offers a chance to persuade investors that she has plans to deal with a sharp increase in British government borrowing costs, due in part to a global bond selloff which threatens to derail her budget plans.
“By finding common ground on trade and investment while being candid about our differences and upholding national security as the first duty of this government, we can build a long-term economic relationship with China that works in the national interest,” Reeves said in a statement.
Asked on Thursday if Reeves would raise human-rights issues, Starmer’s spokesperson said her visit would fit with London’s stance that it would take a strategic approach to China and challenge it “robustly” when necessary.
China is Britain’s fourth-largest trading partner, accounting for goods and services trade worth almost 113 billion pounds.
With wires
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