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Han Zheng Meets UK Chancellor of the Exchequer

    On September 22, Han Zheng, member of the Political Bureau of the CPC Central Committee and secretary of the CPC Shanghai Municipal Committee, met with UK First Secretary of State and Chancellor of the Exchequer George Osborne, and his party.

    Han Zheng said that China is deepening reform in an all-round way and expanding opening up and that in tackling thorny problems of various kinds the crux lies in the development, reform and opening up. Reforms should be carried out in conformity to China’s actual conditions and also they call for determination, patience and wisdom. In accordance with the unified plan by the central government, Shanghai is unswervingly speeding up the building of Shanghai International Financial Center, steadily carrying forward financial reforms and opening up, firmly guarding against regional system risks, and making solid steps toward the set goals. In the run-up to the 13th Five-year Plan period, China (Shanghai) Pilot Free Trade Zone will quicken its pace of exploration and reform, including financial reform and opening up. Shanghai and The City of London have had close and fruitful cooperation and the two have frequently explored questions about future development. For a long time, many British businesses have successfully developed in Shanghai and they have been the participants in and the witnesses to the building of Shanghai International Financial Center. With the deepening of their cooperation, the two sides have built increasingly more consensus in various areas. He believed that through his visit the chancellor will gain a better understanding of China and Shanghai and enhance the exchange and cooperation between Shanghai and The City of London.

    George Osborne said that by visiting China he wanted to convey a strong wish that Britain would like to be China’s best partner in the West. At present, China is undergoing a shift in priority from investment to consumption, which is important for China and more so for the world. We firmly support the reform underway in China. Shanghai is China’s economic center and the most important city in the process of renminbi internationalization. We hope to have better cooperation with Shanghai and make good use of the inspiring platform of China (Shanghai) Pilot Free Trade Zone, taking a more active part in its building and that of Shanghai International Financial Center and deepening cooperation between The City of London and Shanghai.

    Tu Guangshao, member of the Standing Committee of the CPC Shanghai Municipal Committee and executive vice-mayor of Shanghai, was present at the meeting.