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17-Dec-2019 10:04 by 6 Comments

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Xi said the two countries can "develop mutually beneficial cooperation on a wider scale, at a higher level and on a deeper level" though his cherished One Belt One Road initiative.

The Spring Festival holiday, which includes Chinese New Year celebrations is peak season for Chinese citizens to travel to the Maldives for tourism."As the United Kingdom is leaving the European Union we're going to be more outward looking and looking to enhance our relationships around the world, and this relationship with China is an important part of that," May told state broadcaster CCTV.May held talks with Xi at the Diaoyutai State Guest House tea after visiting an agricultural sciences academy, later taking part in a traditional tea ceremony with the Chinese leader and his wife Peng Liyuan.Despite the concerns, Standard Chartered announced today a memorandum of understanding in which the British bank would receive 10 billion yuan (USD 1.6 billion) from the state-owned China Development Bank to back Silk Road projects.May said the two countries would sign nine billion pounds (USD 12.7 billion) in business deals during her visit.BEIJING: China on Tuesday upgraded its travel warning for its citizens visiting the Maldives for holidays, asking them to cancel their plans after an emergency was declared by embattled President Abdulla Yameen in the island nation whose economy relies heavily on Chinese tourists.

Following up on yesterday's travel advisory, asking Chinese citizens to not to travel to the Maldives, a favourite destination for locals, China's foreign ministry spokesman Geng Shuang upgraded the travel alert, saying they should cancel their plans in view of spiralling political crisis there. It accounts for around a fifth of the GDP and generates billions of dollars every year in revenue.

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The two countries agreed new measures to improve access to the huge Chinese market and set up a special panel to explore trade opportunities, she said yesterday.

Britain runs a 25.4-billion-pound trade deficit with the Asian giant and only 3.1 per cent of British exports go to the country, according to Rajiv Biswas, Asia-Pacific chief economist at IHS Markit.

"If it comes to a double-lose result, that will be also unfavourable to China," Cui told AFP.