UK Chancellor Aims to Make China 2nd Largest Trading Partner by 2025

September 23, 2015 Share Print 0

Chancellor George Osborne has set out an aim of making China the UK’s second largest trading partner by 2025, as he makes a controversial visit to a remote Chinese region.

Mr Osborne said Britain must “raise its game” to increase exports to China from £25bn (246bn yuan) to £30bn annually.

He is the first UK minister to visit Xinjiang province, in north-west China.

Campaigners have urged him to raise concerns about the treatment of the province’s Muslim Uighur minority.

Amnesty International said Uighurs had been subjected to “heavy-handed” security measures since an outbreak of unrest in 2009.

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.