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>and inward investments worth in excess of £300 million

this is all in addition to at least £3bn of business which british companies have secured as part of the airbus contract concluded with china last week

and a further £2 billion of investments by tesco to develop new shopping malls over the next five years.

and with nearly 50 of britain’s most influential culture, education and business leaders joining me on this visit.

i hope these deals can be just the beginning of a whole new era of bilateral trade between our countries.

achieving this would be a real win-win for our two countries.

so if china is prepared to pursue further opening of its markets

and to work with britain and the other g20 countries to rebalance the world economy and take steps over time towards internationalising its currency

that will go a long way towards helping the global economy lock in the stability it needs for strong and sustainable growth.

and just as importantly, it will go a long way in securing confidence in the global community that china as an economic power is a force for good.

political responsibilities

but china does not just have new economic power.

it has new political power.

and that brings new political responsibilities too.

what china says – and what china does – really matters.

there is barely a global issue that needs resolution, which does not beg the questions: what does china think, and how can china contribute to a solution?

china has attempted to avoid entanglement in global affairs in the past. but china’s size and global reach means that this is no longer a realistic choice.

whether it’s climate change or development, health and education or global security, china is too big and too important now not to play its part.

on climate change, an international deal has to be fair.

and that means

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