The Sino-British Economic and Trade Relationship: Achievements, Problems and Prospects

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After the founding of New China, Sino-British economic and trade relations went throughups and downs. Since Chinas adoption of the policy of reform and opening to the outside,especially since the return of Hong Kong to China, bilateral economic and trade relationshave entered a new stage of sound expansion. The United Kingdom has become Chinasthird biggest trade partner in Europe while China has become the tenth biggest supplier ofBritains imported goods. The establishment of a comprehensive strategic Sino-Britishpartnership the extensive exchanges at all levels between the two countries, the obvious andgreat economic complementarities between the two countries and the smooth return of HongKong with the successful implementation of the one country, two systems policy in HongKong SAR, have opened broad prospects for the expansion of bilateral economic and traderelations between China and the U. K. However, at present, there still exist some problems,such as too small a proportion of bilateral trade in the two countries respective foreigntrade, too small an absolute amount of British investment in China, etc. With efforts by bothsides, the mutually beneficial economic and trade relations between China and the U. K. arebound to grow further in the future. After the founding of New China, Sino-British economic and trade relations went through ups and downs. Since Chinas adoption of the policy of reform and opening to the outside, especially since the return of Hong Kong to China, bilateral economic and trade relationshave entered a the United Kingdom has become Chinasthird biggest trade partner in Europe while China has become the tenth tenth supplier of Britannica ready goods theBritains imported goods. The establishment of a comprehensive strategic Sino-Britishpartnership the extensive exchanges at all levels between the two countries, the obvious andgreat economic complementarities between the two countries and the smooth return of HongKong with the successful implementation of the one country, two systems policy in HongKong SAR, have opened broad prospects for the expansion of bilateral economic and traderelations between China and the UK However, at present, there still exist some problems, such as too small a proportion of bil ateral trade in the two nations due foreigntrade, too small an absolute amount of British investment in China, etc. With efforts by bothsides, the two mutually beneficial economic and trade relations between China and the U. K. arebound to grow further in the future.
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