Press release

Chancellor's visit to Asia

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The Chancellor George Osborne is visiting China, Hong Kong and South Korea from the Monday 8 November to Friday 12 November.

The Chancellor George Osborne is visiting China, Hong Kong and South Korea from the Monday 8 November to Friday 12 November.

The visit will consist of two days in China for the UK-China Economic and Financial Dialogue (EFD) and UK-China summit, a day in Hong Kong meeting with business leaders from across Asia and the UK and two days in Seoul, South Korea for the G20 leaders’ summit.

View photos from the Chancellor’s visit so far on our Flickr channel (opens in new browser window)

China: the third UK-China Economic and Financial Dialogue and UK-China Summit

The Chancellor is travelling with the Prime Minister as part of the largest ever UK Government delegation to China. Included in this delegation are five cabinet ministers and over 50 British business people.

While in China, the Chancellor will be meeting government leaders and business people with the aim of strengthening the relationship between the UK and China, and increasing trade between the two countries.

The UK-China EFD and Summit will strengthen Britain’s trade and investment relationship with China, creating jobs and supporting economic growth in the UK. During the visit, the UK and China hope to sign contracts worth nearly £1.7bn across a range of sectors. The visit offers an opportunity for the UK and China to establish common ground on key issues ahead of the G20 Summit in Seoul, in particular to agree how we can address the challenges to the global recovery and how we can deliver sustainable and balanced growth.

Hong Kong

While in Hong Kong, the Chancellor will be meeting and speaking to a range of key business leaders, government figures and regulators to make the case for British business and British investment in Hong Kong. He will be making a speech hosted by the British Chamber of Commerce and the Association of Hong Kong Banks, and will visit joint Hong Kong/UK infrastructure projects.

Seoul, South Korea: The G20 leaders’ summit

The Chancellor will be travelling to the G20 leaders’ summit with the Prime Minister. The G20 is the premier forum for international economic co-operation and this summit will be an opportunity to discuss how countries across the world can respond to the challenges to the global recovery, and deliver stronger, more sustainable and balanced growth.

While the global economy has made considerable progress over the last eighteen months, successfully making the transition from a severe recession to recovery, risks remain.

The recovery will be choppy and the G20 must show leadership and instil confidence. Effective international co-operation is vital to achieving this, the G20 will be focused on ensuring this happens.

G20 Seoul Summit Communiques

The following communiques were published at the conclusion of the Seoul Summit on 12 November.