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BEIJING Cheap Nick Foligno Jersey , Feb. 1 (Xinhua) -- British Prime Minister Theresa May's visit to China, the first since she took office in 2016, will bring new shine to the "Golden Era" for both countries.


It marks the first trip to China by a British prime minister since Chinese President Xi Jinping's tour to Britain in 2015 when both sides sealed the China-UK "Golden Era."


The three-day visit, which ends Friday, is expected to yield "golden fruit." A dozen deals worth about 9 billion pounds (about 12.8 billion U.S. dollars) are expected to be signed in areas including Belt and Road construction, finance Cheap David Savard Jersey , innovation, agriculture, and technology.


The China-UK relationship has long been considered a good example for ties between China and Western countries in terms of seeking common ground while respecting differences.


The United Kingdom was the first major Western country to join the China-proposed Asian Infrastructure Investment Bank as a founding member.


Britain is China's second largest trading partner within the European Union (EU) and China is Britain's second largest non-EU trading partner.


Trade volume between the two countries hit 79 billion U.S. dollars in 2017, up nearly 6.2 percent from the previous year, with British exports to China increasing by 19.4 percent.


Now, both China and Britain stand at the entrance to a new era. The 19th National Congress of the Communist Party of China marked the beginning of a new era for socialism with Chinese characteristics. In the UK Cheap Oliver Bjorkstrand Jersey , amid critical Brexit negotiations, a new era for "Global Britain" is also being unveiled.


Hence the upgraded "Golden Era" for China-UK ties is of vital importance for both sides to create a shared future and forge a closer global partnership in the post-Brexit era.


The China-proposed Belt and Road Initiative offers huge potential for China-UK cooperation in the new era. It provides opportunities in logistics and infrastructure construction, and stimulates supply on both sides.


In a bid to support the involvement of British businesses in the initiative, the British government recently pledged up to an equivalent of 35.61 billion U.S. dollars in financial support for companies participating in the Belt and Road projects in Asia.


More opportunities, especially in areas including infrastructure, the internationalization of Chinese currency RMB Cheap Ryan Murray Jersey , green finance, and technological innovation, will emerge as a post-Brexit Britain seeks to build global partnerships while sticking to free trade and an open economy.


China and the UK can also enhance their cooperation in global governance, climate change, sustainable development, and fighting terrorism as the post-Brexit United Kingdom will attach more importance to its role in global institutions such as the United Nations and G20.


As both are committed to free trade and globalization Cheap Sonny Milano Jersey , the two countries are set to forge an enhanced version of the "Golden Era" in bilateral relations.


China National Nuclear Corp, China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost US$100 billion, the latest marriage in the nation’s vast power sector.


The deal has been in works for almost a year as Beijing has pushed to streamline its bloated state-owned enterprise sector, tackle rising corporate debt and make businesses more profitable through mergers, reductions in excess capacity and the closure of “zombie” firms.


Approval for the tie-up between CNNC and China Nuclear Engineering & Construction was announced by the State-Owned Assets Supervision and Administration Commission yesterday in a one-line statement posted on its website.


In a filing later yesterday Cheap Cam Atkinson Jersey , CNEC’s listed unit said its controlling shareholder will be CNNC after the deal.


The combined company would have assets worth more than 620 billion yuan (US$99 billion) and a workforce of almost 150,000, according to Reuters’ calculations based on data on the firms’ websites and in company filings.


Beijing wants to overhaul its nuclear sector in order to create globally competitive firms and reduce overcapacity across its broader power market. The nuclear industry is struggling with project delays and a slowdown in approvals for new domestic projects.


By creating a unified home-brand series of reactors, and combining firms, China will be better positioned to bid for and finance overseas projects, experts say.


Both companies have built nuclear plants overseas Cheap Matt Calvert Jersey , including in Pakistan, and developing Chinese nuclear technology abroad is a key goal of China’s Belt and Road initiative.


“(The) merger ... will give the new company vast financial firepower to take on the significant capital costs involved in developing new nuclear reactors — both domestically and abroad,” said Georgina Hayden, head of power and renewables at BMI Research.


Last year, the government oversaw the marriage of China’s top coal miner Shenhua Group Corp Ltd with China Guodian Group Corp, among the country’s top five state power producers Cheap Alexander Wennberg Jersey , to create the world’s largest power company.


This deal will cut the number of SOEs administered by the central government to 97, down from 117 in 2012.


(Agencies)

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