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.
Chinese banks will be able to apply to set up branches in Britain, Chancellor George Osborne has announced during a visit to the country.
Chancellor George Osborne joked that he and Boris Johnson are like "the yin and the yang" as they both continued their visit to China.
Asked about the timing of their trips which saw the Chancellor and London Mayor in China at the same time, Mr Johnson joked with Beijing students that they were like a "pair of harmonious doves".
The London Mayor was asked who was in charge and he replied: "We are representing our country. It's a nest of singing birds is how I would describe it. It's total harmony, there's probably some Chinese expression that completely perfectly culminates it."
The Chancellor intervened: "The yin and the yang."
Mr Johnson then turned to a Chinese student, asking: "The yin and the yang. What do you say for a harmonious, sounds like one of those Chinese fireworks, a harmonious dove or something like that? A pair of harmonious doves. What is that in Chinese?"
After she looked back blankly, Mr Osborne said: "I think she likes the yin and yang comparatively."
Boris Johnson and George Osborne head south today on their trade missions to China - the first after a chilly period in political relations.
Chancellor George Osborne has announced two new deals with China, one on nuclear power and the other on Chinese banks in the UK.
The Chancellor George Osborne aims to build bridges with China in his high profile trade mission to the country.