Sino-British Relations on the Rise: Wu Bangguo's Visit Strengthens Bilateral Ties

Strategic Insights -

Visiting Chinese Vice-Premier Wu Bangguo stated that the development of long-term, friendly and stable Sino-British relations and cooperation aligns with the fundamental interests of both nations. During his talks with British Deputy Prime Minister John Prescott, Wu highlighted the significant growth in bilateral ties over the past years, including the successful exchange of visits between Chinese Premier Zhu Rongji and British Prime Minister Tony Blair in 1998. Wu emphasized that China's entry into the World Trade Organization (WTO) would not only boost China's economy but also promote economic cooperation with other countries, including Britain.

Key Takeaways:

  • Wu Bangguo stated that Sino-British relations and cooperation align with the fundamental interests of both nations.
  • The total volume of two-way trade between China and Britain reached over 7 billion U.S. dollars in 1999.
  • China's entry into the WTO would benefit not only China's economy but also promote economic cooperation with other countries.
  • Wu expressed hope that Britain would play a more positive role in encouraging the European Union (EU) to sign an agreement with China on WTO entry as soon as possible.
  • British Deputy Prime Minister John Prescott stated that Britain attaches importance to developing relations with China and would continue to improve bilateral ties.
  • The two sides exchanged views on human rights and other issues of common concern.

Statistics:

  • The total volume of two-way trade between China and Britain reached over 7 billion U.S. dollars in 1999.
  • China's entry into the WTO is expected to promote economic cooperation with other countries, including Britain.
  • Britain's bilateral economic cooperation with China has made significant headway, with a growing trade relationship between the two countries.

Sources:

  • XINHUA, Visiting Chinese Vice-Premier Wu Bangguo Sees Development of Sino-British Ties (Jan. 19)
  • COMTEX (http://www.comtexnews.com)