There's no doubt that China is a world economic powerhouse right now, and we've got some catching up to do. The figures speak for themselves. The balance of trade between our two countries is ￡11bn in China's favour. But the UK is better placed than most in strengthening its partnership with China. We are already helping with cultural and economic change in China and building on the agreement arrived at earlier this year between our two prime ministers - premier Wen and prime minister Brown - in Beijing. One of its purposes of course is not only to increase co-operation, but also to increase trade between China and the UK by 50 in 20 years.
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