In all these areas and many more, British companies and British exports can help China deliver the prosperity and progress it seeks.

We can be part of China's development strategy, just as China is part of ours.

A true partnership of growth.

In recent days, Britain has won new business worth billions of pounds involving companies across the UK and cities all over China. including a deal between Rolls Royce and China Eastern Airlines for 16 Airbus 330 aeroengines worth ￡750 million and inward investments worth in excess of ￡300 million

This is all in addition to at least ￡3bn of business which British companies have secured as part of the Airbus contract concluded with China last week and a further ￡2 billion of investments by Tesco to develop new shopping malls over the next five years.

And with nearly 50 of Britain's most influential culture, education and business leaders joining me on this visit I hope these deals can be just the beginning of a whole new era of bilateral trade between our countries.

Achieving this would be a real win-win for our two countries.

So if China is prepared to pursue further opening of its markets and to work with Britain and the other G20 countries to rebalance the world economy and take steps over time towards internationalising its currency that will go a long way towards helping the global economy lock in the stability it needs for strong and sustainable growth.

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