UK–China Economic and Financial Strategy Dialogue Debate

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Department: HM Treasury

UK–China Economic and Financial Strategy Dialogue

Lord West of Spithead Excerpts
Tuesday 4th February 2025

(1 day, 11 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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I completely disagree with the noble Lord’s characterisation of the Chancellor’s visit to China. As I said, we must and will continue to engage with our international partners in trade and investment, and that includes engaging with China. We cannot ignore the fact that China is the second-largest economy worldwide and our fourth-largest trading partner, with exports supporting close to half a million jobs in the UK. We need to help British businesses export around the world, and that includes to China. On human rights and the parliamentary sanctions that the noble Lord talks about, the Chancellor did raise those—absolutely—but she believes that, unless we open that dialogue, we will be unable to raise the concerns that we have.

Lord West of Spithead Portrait Lord West of Spithead (Lab)
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Were there any discussions at all about the Chinese merchant fleet and the use of certain ships by the Russians as the shadow fleet—and also the £7 trillion worth of trade that goes through the South China Sea and is threatened by Chinese actions?

Lord Livermore Portrait Lord Livermore (Lab)
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Of course, I was not in the room, so I cannot entirely judge exactly whether those issues were raised—but certainly the Chancellor raised important issues of national security. She raised the concerns that the UK Government have about China, and Russia’s illegal war in Ukraine, so the issues that my noble friend raises would have been very much at the forefront of their discussions.