George Osborne
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George Osborne: China 'an opportunity, not a threat'

Chancellor George Osborne is beginning a trip to China to promote UK business and encourage Chinese investors to consider the UK.

He has announced a British-Chinese joint venture which will see the Industrial and Commercial Bank of China (ICBC) taking a stake in a Manchester Airport business park.

Speaking on arrival at Beijing airport, he described China as "a great opportunity, not a threat."