Osborne hails UK as a 'great' trading nation

The Chancellor George Osborne has hailed the UK and China as "great" trading nations in a speech to build relations between the two countries at Peking University.

Read: Osborne's mission to make up lost ground with China

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Chinese banks to come to UK

Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.