Keir Starmer is reportedly scheduled to visit China next week, leading a delegation of British business leaders, according to Reuters. The trip follows the UK government's approval of plans for Beijing to construct a new embassy in London.

The delegation will include representatives from major British corporations such as BP, HSBC, Intercontinental Hotels Group, Jaguar Land Rover, and Rolls-Royce. These companies are also expected to participate in a revamped UK-China CEO council, aimed at fostering stronger economic ties between the two nations. The council's previous iterations have facilitated discussions leading to multi-billion dollar deals across various sectors, including energy, finance, and manufacturing. For example, in 2015, the council facilitated deals worth an estimated £40 billion.

Downing Street offered no immediate comment on Wednesday. However, Jonathan Powell, the national security adviser, traveled to Beijing in November for discussions with Wang Yi, China's top diplomat, signaling preparations for a potential visit by Starmer. This visit would represent a significant step in UK-China relations, particularly in the context of ongoing debates about trade imbalances and geopolitical strategy.

The UK's trade deficit with China stood at £28.7 billion in 2023, according to the Office for National Statistics. This has fueled calls for a more balanced economic relationship. The upcoming visit could provide an opportunity to address these concerns and explore new avenues for trade and investment.

The approval of the new Chinese embassy in London has sparked controversy, with some critics raising concerns about national security and the potential for espionage. However, proponents argue that maintaining diplomatic channels is crucial for managing complex international relations and promoting dialogue on issues ranging from climate change to human rights.

The timing of the visit is also noteworthy, as it comes amid growing global economic uncertainty and concerns about the impact of geopolitical tensions on international trade. China's economic growth slowed to 5.2% in 2023, according to official figures, prompting concerns about its impact on global markets. The UK, meanwhile, is grappling with persistent inflation and sluggish economic growth.

The visit is expected to focus on opportunities for collaboration in areas such as green technology, renewable energy, and financial services. These sectors are seen as key drivers of future economic growth and could offer significant opportunities for British businesses in the Chinese market. The next steps will involve finalizing the agenda for the visit and coordinating logistics with Chinese authorities. Further details are expected to be released in the coming days.