Britain and China will hold the next round of their Economic and Financial Dialogue (EFD) in mid-June in London, a British Treasury source said on Thursday after reports suggested that talks had been delayed by diplomatic tension, ONA reports citing Reuters.
The EFD has been used in the past to announce closer cooperation on trade and banking initiatives, and to sign commercial contracts.
The talks were agreed during finance minister Philip Hammond’s visit to China to speak at a summit of China’s Belt and Road Initiative, championed by President Xi Jinping, which envisions rebuilding the old Silk Road to connect China to Asia and beyond with extensive infrastructure investment.
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