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China and the EU, two important players on the world stage, enjoy a comprehensive strategic partnership. The EU is China's largest trading partner while China is the EU's second largest trading partner.

16. The two sides welcomed the progress achieved under the Joint Statement on 5G cooperation of 2015 and committed to enhancing cooperation on cyber issues through the China-EU Cyber Taskforce, the China-EU Digital Economy and Cyber Security Expert Working Group and other mechanisms.

Central to the initiative is to address the infrastructure challenges along the Belt and Road, he said. Britain is a natural partner in delivering this infrastructure by supporting the finance, the design and the delivery needed to make the vision a reality.

2. The two sides acknowledged the uNPRecedented level of maturity attained in China-EU relations. The EU reaffirmed its commitment to the One-China principle. China reaffirmed its support for European integration.

However, China stepping closer to becoming an innovative power has aroused fear and skepticism, with some arguing that its progress poses a threat to other countries.