British finance minister Rachel Reeves will try to build "common ground on trade and investment" during a trip to China this weekend, the Treasury said on Saturday, in the latest move by the government to thaw ties with Beijing.

Chancellor of the Exchequer Rachel Reeves kicked off a two-day China visit Saturday, a landmark exchange highlighting the Labour government’s efforts to stay focused on long-term plans to get the British economy growing again even as fiscal concerns mount back home.

But Chief Secretary to the Treasury Darren Jones, standing in for Reeves in the Commons on Thursday, said the trip was "important" for UK trade and there was "no need for an emerg

Aging populations, as Japan taught us, are inherently deflationary. Folks in their 70s don’t spend the way 20-somethings do. With the unemployment rate for Chinese between 16 and 24 stuck above 17% —or higher given the vagaries of Beijing’s data—what good will subsidies and rebates do?

China's central bank suspended treasury bond purchases on Friday, briefly lifting yields and spurring speculation it is stepping up defence of the yuan currency which has been sliding since the election of Donald Trump as U.