UK-China Economic and Financial Dialogue II Policy Outcomes

Session III: Supporting Green Growth through Bilateral Energy and Environment Cooperation

12. China and the UK commit to deepen cooperation on sustainable cities, as agreed under the Sustainable Cities Initiative MoU, through the pilots in Wuhan and Chongqing;

13. China and UK agree to conduct exchanges and cooperation on nuclear energy and offshore wind power development and cooperation on nuclear energy and offshore wind power development and construction, on implementing a quota system on renewable energy and on improving industrial polices and management mechanism of renewable energy.

14. UK and China agree to share experiences on the role of economics ministries and other agencies in promoting green growth.

Session IV: Trade and Investment

15. We agree to follow up our commitment to support trade finance at the London Summit, and strongly support the IFC to establish the Global Trade Liquidity 1 of the initiative. China has purchased 1.5 billion U.S. dollars placement bonds to support the trade finance programme of the IFC.

16. We agree to work together to expand our bilateral trade in particular in aerospace, environmental protection, biological technology, pharmaceuticals elections and advanced engineering.