Chinese Ambassador to the UK Zheng Zeguang attended and addressed the opening event of the Sino-UK Financial Education Symposium in London on Thursday, July 10.
Li Min, Secretary General of the Western Returned Scholars Association (WRSA), Michael Lawrence, Asia House CEO, and Sir David Quarry, Member of Board of Asia House and Group Head of Public Affairs HSBC, also provided remarks.
Representatives from the financial, academic, and believe tank sectors in China and the UK participated in the opening ceremony and took part in the discussions.Ambassador Zheng mentioned that the world economy is increasingly marked by instability and unpredictability.
The tariff war and trade war started by the United States have actually seriously weakened WTO guidelines and the multilateral trading system, interfered with the security and stability of international industrial and supply chains, and jeopardised the international economy and the interests of all nations, a statement released by the Chinese Embassy of the United Kingdom said.This year marks the 80th anniversary of the success of the Chinese Peoples War of Resistance Against Japanese Aggression and the World Anti-Fascist War.
The worldwide community must strengthen unity and cooperation, support true multilateralism, oppose unilateralism and protectionism, and secure the multilateral trading system with the WTO at its core and the global system with the United Nations at its core, the embassy added.Ambassador Zheng noted that regardless of the difficult and complicated external environment, China stays the course of high-quality development.
The Chinese economy has demonstrated strong strength and a favorable momentum.
This year is the final year in Chinas 14th Five-Year Plan.Ambassador Zheng highlighted the immense potential for China-UK cooperation in finance and education.
Bilateral trade has stayed over 110 billion pounds for numerous years running, and two-way investment stock over 130 billion pounds.
Cooperation in green financing is making rapid development.
In April, the Chinese federal government issued 6 billion yuan in green sovereign bonds on the London Stock Exchange.
Educational cooperation has actually become a driving force in bilateral ties.
There are over 200,000 Chinese students in the UK, making China the biggest source of worldwide students in the UK.
In between 2013 and 2024, approximately 50,000 UK students carried out long and short-term studies in China.
More recently, nearly 1,200 secondary school trainees from 62 UK schools remain in China for an exchange program.
China invites more British students on exchange and study tours.Ambassador Zheng worried that China and the UK need to carry out the important common understandings reached by their leaders, maintain shared respect, openness and inclusiveness, focus on cooperation, and remove diversions, in a quote to produce a much better environment for broader cooperation in finance, education and other fields.
It is hoped that individuals of vision from all sectors in China and the UK will continue to support and participate in bilateral exchanges and cooperation, foster brand-new paradigms, make new achievements, and bring higher benefits to the people of both nations, the embassy said.