Sir Keir Starmer will fly out of China this week a step closer to a possible bilateral services agreement, raising the hopes of British businesses that the prime minister said were “crying out for ways to grow their footprints” in the country.
Starmer and Chinese leader Xi Jinping agreed on Thursday to launch a “feasibility study” on possible negotiations for a bilateral services pact, alongside a host of other agreements including visa-free travel.
In contrast to its £52bn trade deficit in goods with China in the year to the end of last June, the UK had a £10bn surplus in services, and it hopes the City’s financial and professional services firms can play a greater role in China in coming years.
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