A Chinese newspaper has described Britain as an "old declining empire" in an editorial criticising UK press reports of the Chinese premier's visit to London.
The Global Times paper, run by the country's Communist regime, hit back at reports that China had demanded Prime Minister Li Keqiang was granted an audience with the Queen, which it cited as evidence of anti-Chinese prejudice.
"A rising country should understand the embarrassment of an old declining empire and at times the eccentric acts it takes to hide such embarrassment," the paper wrote in an editorial.
Chancellor George Osborne has welcomed a Pound-Yuan Interbank Market between the two countries, stating that it will help Britain build further links with China, by getting its "currency used and traded in London".
Mr Osborne said that both the UK and China have made "huge steps forward" in building progress, saying that the future belongs to those "ambitious for reform."
In a speech at Lancaster House in London, Mr Osborne said: "I believe the emergence of the Chinese currency as one of the world's leading currencies will be the next huge change in global finance.
"Quite bluntly, I want the City of London to facilitate that change and to be central to it," he said.
David Cameron gave Chinese premier Li Keqiang a special memento of his trip to the UK - a copy of the shooting script for the first episode of Downton Abbey signed by the hit show's creator.
The period drama, which has been a big hit in China, was written by Julian Fellowes, who was made a Tory peer by Mr Cameron in 2010.
Mr Cameron also handed the premier a special £10 gold coin. The lunar coin was designed by artist Wuon-Gean Ho and celebrates the Chinese year of the horse. The final gift was a DVD box set of works by Charles Dickens.
Chinese Premier Li Keqiang said he wanted to see a "united United Kingdom" in an apparent boost for the No campaign ahead of September's Scottish independence referendum.
Mr Li was asked about the referendum at a joint press conference with David Cameron in Westminster.
Mr Li said he wanted a "strong, prosperous and united United Kingdom that can stay at the forefront in leading the world's growth and development."
Scotland's First Minister Alex Salmond responded by saying that "Premier Li is of course entitled to his views" adding "it is noteworthy that he made clear the Chinese government will 'respect the choice' which the people of Scotland make this September whatever it may be".
An £11.8 billion BP gas supply contract was one of a series of deals unveiled during a visit to the UK by Chinese Premier Li Keqiang.
Other bi-lateral trade deals include the possibility of Chinese involvement in the controversial £50 billion high-speed rail project after the two countries agreed that the UK and Chinese rail industries will work together.
Prime Minister David Cameron signed trade deals worth over £14 billion between the UK and China which he described as a reflection of the popularity of the UK as an investment partner for China.