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Monday, 25 July 2016 - 6:43
UK explores multi-billion pound free trade deal with China
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Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.

The Chancellor told the BBC that it was time to explore "new opportunities" across the world, including with China, one of the UK's biggest inward investors.

That is despite a short term economic shock from leaving the European Union. He added that the EU is not in "punishment mode" over the Brexit vote.

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