Chancellor George Osborne wants a more export driven economy for the UK and plans to look to China to help push forward Britain's economic recovery.
Visiting China ahead of the G20 finance ministers meeting in South Korea this weekend, Osborne said Britain needed to find a fresh model of growth to cut its massive budget deficit, according to the Telegraph.
"If you're looking to answer the big question for Britain, which is where the growth is going to come from in the next few years, I think exports and exports to an economy the size of China is one place we should be looking," he said.
"I'm keen on the British economy developing in a way that is more export driven, where there is more investment and a different model of growth than the one Britain has pursued in the last decade or so."
He said an "important" part of his plan is to "substantially" increase Britain's trade and exports to China, up from current levels of about 2%.
However, the Chancellor's big ambitions for British companies such as HSBC, Tesco and AstraZeneca come at a time of rising discontent among international businesses operating in China who accuse the country of growing back-door protectionism.
This week, both the US and EU ambassadors to the World Trade Organisation (WTO) openly accused China of increasing barriers to market access.
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