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Thursday, October 22, 2015, 18:23

China, Britain issue declaration to seal 'global' partnership

By Xinhua

LONDON - China and Britain issued Thursday a joint declaration covering a wide range of priorities in building a "global comprehensive strategic partnership for the 21st Century."

The new partnership was announced by visiting Chinese President Xi Jinping on Wednesday at a news conference after his talks with British Prime Minister David Cameron.

Thursday's declaration specified the bilateral relations with pledges of joint efforts in fields ranging from RMB internationalization and China-EU free trade to cyber security and climate change.

Xi's visit to Britain, the first one by a Chinese president in a decade, was hailed to have opened a "golden era" in China-Britain relations featuring enduring, inclusive and win-win cooperation.

"The two sides recognize the global significance and strategic importance of stronger China-UK relations in promoting global peace, stability and prosperity," the declaration said.

SECURITY DIALOGUE

China and Britain have agreed to establish a high-level security dialogue to strengthen cooperation on issues including cyber crime, according to the joint declaration.

The two countries agree not to conduct or support cyber-enabled theft of intellectual property, trade secrets or confidential business information with the intent of providing competitive advantage, the declaration said.

STUDY ON LONDON-SHANGHAI STOCK LINK

The two countries pledge to support a feasibility study for a stock exchange connect scheme between bourses in London and Shanghai, according to the joint declaration.

They also call for the swift launch of joint feasibility study for a China-EU Free Trade Agreement, the joint declaration said.

BRITAIN BACKS RMB INCLUSION INTO SDR

As for the inclusion of the renminbi into the International Monetary Fund's (IMF) SDR basket, Britain expresses support for the inclusion subject to meeting existing criteria in the IMF's upcoming review.

Both sides urge members who have yet to ratify the 2010 quota and governance reforms to do so without delay to further enhance the voice of emerging markets and developing countries, said the document.

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