UK PM Sunak: China’s authoritarian leadership is intent on reshaping international order

UK Prime Minister Rishi Sunak said early Wednesday, via Reuters, he “will meet Chinese President Xi to underline the need for “a frank and constructive UK-China relationship.”

Further comments

To encourage China to use its place on the global stage responsibly to resolve geopolitical tensions.

To encourage China to also ensure regional stability and play its part in tackling the “devastating global impact of the war in Ukraine.”

To stress that the pre-condition for any UK-China engagement will “always be the UK’s national security, including our economic security.”

To underline the importance UK places on defending human rights and of “speaking out and taking action where we have concerns” as it has done over Hong Kong and Xinjiang.

The challenges posed by China are systemic and they are long-term.

China is a country with fundamentally different values to ours, with an authoritarian leadership intent on reshaping the international order.

Market reaction

GBPUSD was last seen trading at 1.1878, up 0.14% so far. The US Dollar is losing its recovery momentum following comments from US President Joe Biden that the missile strike in Poland is unlikely from Russia.