Britain’s Treasury chief has kicked off a China visit aimed at boosting economic and financial cooperation between the countries, as the U.K.’s Labour government seeks to reset strained ties with Beijing.

The Treasury said Friday that Rachel Reeves will travel to Beijing and Shanghai and will meet with her Chinese government counterpart, Vice Premier He Lifeng. Reeves' trip is expected to revive the China-U.

Britain's Chancellor Rachel Reeves is heading to China this weekend to revive the China-UK Economic and Financial Dialogue—annual bilateral talks suspended since 2019 due to the pandemic and deteriorating relations.

Ms Reeves hailed the trip as a ‘significant milestone’ in Labour’s re-engagement with China, saying she had agreed deals worth £600 million over the next five years

British treasurer Rachel Reeves said Saturday that London was a "natural home" for Chinese finance as she began a visit to Beijing in the shadow of bond market turmoil back

British Treasurer Rachel Reeves met with Chinese Vice Premier He Lifeng at the Fourth China-UK Financial Services Summit in Beijing as bond markets face turbulence back in the UK. Speaking at the reopening of long-suspended financial talks between the two nations,