Rachel Reeves has defended her decision to visit China over the weekend and accuses the Conservatives of "not wanting to engage with the second largest economy in the world". The chancellor adds that to grow the UK economy "we need to help great British business export around the world" and that not engaging with China "is simply not an option". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Growth is the number one mission of this Labour government, and to grow the economy we need
00:05to help great British businesses export around the world, that includes to China. As the
00:11second biggest economy in the world, and our fourth largest trading partner, not engaging
00:17is simply not an option. That is why I led a delegation, including the Governor of the
00:23Bank of England, the Chief Executive of the Financial Conduct Authority, and representatives
00:28of some of Britain's largest financial services firms, including HSBC, Standard Charter and
00:35Schroders at the 2025 UK-China Economic and Financial Dialogue, the first of its kind
00:42since 2019. The Conservative Party's economic strategy is to say that the UK should not
00:48engage with the second largest economy in the world, or indeed with our nearest neighbours
00:55and our biggest trading partners in the European Union. His economic strategy is to support
01:01higher spending, but none of the right decisions that are required to deliver sound public
01:07finances. And his economic strategy is to ignore the mistakes of the past, with no apology
01:15to the British people for his part in Liz Truss's mini-budget that crashed the economy.