BEIJING Danton
Heinen Jersey , Feb. 1 (Xinhua) -- British Prime Minister Theresa May's
visit to China, the first since she took office in 2016, will bring new shine to
the "Golden Era" for both countries.
It marks the first trip to China by a British prime minister since Chinese
President Xi Jinping's tour to Britain in 2015 when both sides sealed the
China-UK "Golden Era."
The three-day visit, which ends Friday, is expected to yield "golden fruit."
A dozen deals worth about 9 billion pounds (about 12.8 billion U.S. dollars) are
expected to be signed in areas including Belt and Road
construction Zdeno
Chara Jersey , finance, innovation, agriculture, and technology.
The China-UK relationship has long been considered a good example for ties
between China and Western countries in terms of seeking common ground while
respecting differences.
The United Kingdom was the first major Western country to join the
China-proposed Asian Infrastructure Investment Bank as a founding member.
Britain is China's second largest trading partner within the European Union
(EU) and China is Britain's second largest non-EU trading partner.
Trade volume between the two countries hit 79 billion U.S. dollars in 2017,
up nearly 6.2 percent from the previous
year Brandon
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Now, both China and Britain stand at the entrance to a new era. The 19th
National Congress of the Communist Party of China marked the beginning of a new
era for socialism with Chinese characteristics. In the UK, amid critical Brexit
negotiations, a new era for "Global Britain" is also being unveiled.
Hence the upgraded "Golden Era" for China-UK ties is of vital importance for
both sides to create a shared future and forge a closer global partnership in
the post-Brexit era.
The China-proposed Belt and Road Initiative offers huge potential for
China-UK cooperation in the new era. It provides opportunities in logistics and
infrastructure construction, and stimulates supply on both sides.
In a bid to support the involvement of British businesses in the
initiative Riley
Nash Jersey , the British government recently pledged up to an equivalent
of 35.61 billion U.S. dollars in financial support for companies participating
in the Belt and Road projects in Asia.
More opportunities, especially in areas including infrastructure, the
internationalization of Chinese currency RMB, green finance, and technological
innovation Anders
Bjork Jersey , will emerge as a post-Brexit Britain seeks to build global
partnerships while sticking to free trade and an open economy.
China and the UK can also enhance their cooperation in global governance,
climate change, sustainable development, and fighting terrorism as the
post-Brexit United Kingdom will attach more importance to its role in global
institutions such as the United Nations and G20.
As both are committed to free trade and globalization, the two countries are
set to forge an enhanced version of the "Golden Era" in bilateral relations.
China National Nuclear
Corp Bobby
Orr Jersey , China¡¯s No. 2 nuclear power producer, will take over the
country¡¯s top nuclear power plant builder to create a company worth almost
US$100 billion, the latest marriage in the nation¡¯s vast power sector.
The deal has been in works for almost a year as Beijing has pushed to
streamline its bloated state-owned enterprise sector, tackle rising corporate
debt and make businesses more profitable through mergers, reductions in excess
capacity and the closure of ¡°zombie¡± firms.
Approval for the tie-up between CNNC and China Nuclear Engineering &
Construction was announced by the State-Owned Assets Supervision and
Administration Commission yesterday in a one-line statement posted on its
website.
In a filing later
yesterday David
Pastrnak Jersey For Sale , CNEC¡¯s listed unit said its controlling
shareholder will be CNNC after the deal.
The combined company would have assets worth more than 620 billion yuan
(US$99 billion) and a workforce of almost 150,000, according to Reuters¡¯
calculations based on data on the firms¡¯ websites and in company filings.
Beijing wants to overhaul its nuclear sector in order to create globally
competitive firms and reduce overcapacity across its broader power market. The
nuclear industry is struggling with project delays and a slowdown in approvals
for new domestic projects.
By creating a unified home-brand series of reactors, and combining firms,
China will be better positioned to bid for and finance overseas
projects Brad
Marchand Jersey For Sale , experts say.
Both companies have built nuclear plants overseas, including in Pakistan, and
developing Chinese nuclear technology abroad is a key goal of China¡¯s Belt and
Road initiative.
¡°(The) merger ... will give the new company vast financial firepower to take
on the significant capital costs involved in developing new nuclear reactors ¡ª
both domestically and abroad,¡± said Georgina Hayden, head of power and
renewables at BMI Research.
Last
year Tuukka
Rask Jersey For Sale , the government oversaw the marriage of China¡¯s top
coal miner Shenhua Group Corp Ltd with China Guodian Group Corp, among the
country¡¯s top five state power producers, to create the world¡¯s largest power
company.
This deal will cut the number of SOEs administered by the central government
to 97, down from 117 in 2012.
(Agencies)
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