China and Britain have restarted economic and financial talks after a six-year hiatus during a visit by Britain’s Treasury chief to Beijing.

The Treasury said Friday that Rachel Reeves will travel to Beijing and Shanghai and will meet with her Chinese government counterpart, Vice Premier He Lifeng. Reeves' trip is expected to revive the China-U.

Britain's Chancellor Rachel Reeves is heading to China this weekend to revive the China-UK Economic and Financial Dialogue—annual bilateral talks suspended since 2019 due to the pandemic and deteriorating relations.

Reeves said “reengagement with China” would deliver a boost of up to £1 billion for the British economy. A healthy relationship with Beijing is " squarely in our national interest ," Reeves said on Saturday as she announced agreements "worth £600 million to the U.K. economy over the next five years."

By Laurie Chen and Andy Bruce BEIJING (Reuters) -British finance minister Rachel Reeves said on Saturday during a visit to Beijing that she intended to have "pragmatic" relations with Chinese leaders to boost exports to the world's second-largest economy.

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.