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Osborne hails 'momentous progress' in UK-China links

George Osborne hailed the "momentous progress" in links between the UK and China as he set out his ambitions for the City of London to be the major offshore hub for trade in the Chinese currency.

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The Queen hosts Chinese Premier at Windsor Castle

The Queen has met the Chinese Premier Li Keqiang this morning, only two months after a human rights row between China and the UK.

Mr Li and his wife traveled to Windsor Castle as part of their three-day official visit to the UK.

The Queen greets Chinese Premier Li Keqiang. Credit: Steve Parsons/PA Wire

Mr Li is in Britain for the return leg of a trade boosting link-up begun by David Cameron last year.

He will meet the Prime Minister in Downing Street later today.

The Queen receives Chinese premier Li Keqiang and his wife Cheng Hong at Windsor Castle Credit: Steve Parsons/PA Wire

But only two months ago, the two countries found themselves in a diplomatic row over human rights.

China was angered by a British Foreign Office document criticising its rights record and called off an official meeting in London at short notice.

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