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The initiative aims to "allow the market play a better role in allocating resources, effectively stimulate domestic demand and promote industrial transformation."

"I think the next most visible things would be Chinese investment in British infrastructure" such as nuclear industry and high speed rail system, said Gerry Grimstone, chairman of Standard Life, one of the biggest British insurance group.

In his message, Xi said China and Singapore are close, friendly neighbors, and bilateral relations have experienced continuous and in-depth development since the establishment of diplomatic ties 25 years ago, with fruitful achievements in cooperation in various fields and good communication and coordination in international and regional affairs.

Tony Blair, former British prime minister, said earlier that Britain is "enthusiastic" about developing the ties with China even further and making sure that next decade is a golden decade, noting that most people in Britain support a strong relationship with China.

On June 7-8, 2013, Xi paid a visit to the United States, where he and U.S. President Barack Obama held two rounds of talks at the Annenberg Retreat at Sunnylands in California and reached consensus on a series of issues, including building a new model of major-country relationship.