Chancellor Engages in Key Discussion with China’s Vice Premier He Lifeng on 8 October 2026

The Chancellor has reiterated the UK’s commitment to a consistent, long-term, and strategic approach to its relationship with China, emphasising the importance of both national and global interests in this engagement.

In their discussions, both leaders affirmed their dedication to pragmatic cooperation aimed at fostering economic growth and ensuring financial stability. They recognised the significance of the UK-China relationship in various sectors, including trade, investment, and financial services. The Chancellor expressed his anticipation of welcoming the Vice Premier to London for the forthcoming Economic and Financial Dialogue, highlighting the collaborative spirit that underpins their interactions.

Collaborative Efforts in the G20 Context

As members of the G20, the leaders acknowledged the necessity of working together to bolster the international financial system and tackle pressing global economic challenges. This cooperative stance is particularly crucial in the face of evolving economic landscapes and the interconnectedness of global markets.

The Chancellor conveyed his intention to engage in open and constructive dialogue on matters of importance to the UK, bringing to the forefront issues such as macroeconomic imbalances and the implications of Russia’s ongoing war in Ukraine. These discussions reflect a commitment to addressing complex challenges that impact both nations and the wider international community.

Ongoing Dialogue for Economic Stability

Both the Chancellor and the Vice Premier committed to maintaining an ongoing dialogue focused on mutual economic and financial priorities. This commitment underlines their belief in the importance of sustained communication to navigate the complexities of their relationship and to enhance cooperation in pursuit of shared goals.

As they move forward, the emphasis will be on fostering a relationship that not only meets the immediate needs of both countries but also contributes positively to the broader global economic landscape.