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BEIJING, Oct. 26 (Xinhua) -- President Xi Jinping met with Japanese Prime Minister Shinzo Abe in Beijing Friday, calling on both sides to cherish the good momentum in bilateral ties.
The maximum value of the swap was set at 350 billion yuan (around 50 billion U.S. dollars) to 40 billion pounds, valid for three years and can be further extended, according to a statement by the People's Bank of China (PBOC).
Britain's International Trade Secretary Liam Fox said that it is "fantastic" to hear more from President Xi on China further opening up its markets to imports and investment, adding that the British government is "delighted to be supporting the event."
China is willing to work together with the Philippines to upgrade China-ASEAN relations and the East Asia cooperation, he said, adding that China and the Philippines, both emerging economies in Asia, should increase coordination and cooperation in regional and international affairs.
"As we brave the rough waters of the global economy and confront the many risks and challenges, it is all too befitting that we have come together on this ship to chart the course for future development and cooperation," Xi said on board cruise ship Pacific Explorer in the Papua New Guinea (PNG) capital of Port Moresby, where the summit was held.
