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"Consequently a major challenge for the Labour government in its second term will be to stabilize the large increase in government debt as a share of GDP caused by the COVID-19 pandemic fiscal stimulus measures," he said.

"Constructive cooperation will enhance both of us and even enrich the world," he said. "Neither of us will have to give up anything it holds dear."

"China represents one of the largest opportunities in the world for many of our clients and for JPMorgan Chase," said Daniel Pinto, co-president & co-chief operating officer of JPMorgan Chase and CEO of the Corporate & Investment Bank. "It is a critical component of our growth plans, both globally and in Asia-Pacific. Our scale and global capabilities give us a unique ability to help Chinese companies grow internationally and also bring foreign investment and capital to China."

"Chinese investment can be instrumental in addressing structural and logistical constraints that impact the competitiveness of African exports," he said.

"Chinese people have built mega-projects benefiting all over the world, more precisely on our African continent," he insisted.