Chinese ambassador: China-Britain ties flourishing (2)

13:40, January 08, 2011      

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In addition, economic and trade cooperation between Britain and China was booming, the Chinese ambassador said. Bilateral trade volume in goods reached 40.2 billion U.S. dollars between January and October, an increase of 30 percent on the same period in 2009 and also a record high for the same period.

The two sides also made great progress in trade and services, Liu said. During Cameron's visit to China, leaders of the two nations set a target to raise annual bilateral trade volume to over 100 billion dollars within the next five years. In the 2009-2010 fiscal year, the number of British projects absorbing Chinese investment ranks sixth globally, while the number of Chinese companies investing in London ranks the second.

Moreover, China and Britain had closer cultural exchanges, Liu said, adding that the Shanghai Expo was a highlight of bilateral cooperation with the British Pavilion attracting more than 8 million Chinese visitors.

The number of Chinese students studying in Britain ranks first in Europe and is substantially increasing. "Mandarin fever" in Britain also continues to heat up, he said.

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