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t of the crisis, we averted protectionism.But at a time of slow growth and high unemployment in many countries those pressures will rise againalready you can see them.Countries will increasingly be tempted to try to maximise their own growth and their own employment, at the expense of others.Globalisation – the force that has been so powerful in driving development and bringing huge numbers into the world economy could go into reverse.If we follow that path we will all lose out.The West would lose for sure. But so too would China.For the last two decades, trade has been a very positive factor in China’s reemergence on the world stage.It has driven amazing growthand raised the living standards of millions.Trade has helped stitch back China’s network of relations with countries across the world.We need to make sure that it does not turn into a negative factor.Just as the West wants greater access to Chinese marketsso China wants greater access to Western marketsand it wants market economy status in the EU too.I had very constructive talks with Premier Wen on exactly this issue yesterday.I will make the case for China to get market economy status in the EUbut China needs to help, by showing that it is mitted to being more open, as it bees more prosperous.And we need to work together to do more to protect intellectual property rightsbecause this will give more businesses confidence to e and invest in China. UK panies are uniquely placed to support China’s demand for more high value goods for its consumers.Our Pavilion at the World Expo in Shanghai – which won the Gold Award for the best Pavilion design – was a showcase for so many of Britain’s strengthsfrom advanced engineering to education…from great brands to great pharmaceutical businessesfrom low carbon to financial services to the creative industries.In all these areas and many more, British panies and British exports can help China deliver the prosperity and progress it seeks.We can be part of China’s development strategy, just as China is part of ours.A true partnership of growth.In recent days, Britain has won new business worth billions of poundsinvolving panies across the UK and cities all over China.including a deal between Rolls Royce and China Eastern Airlines for 16 Airbus 330 aeroengines worth £750 millionand inward investments worth in excess of £300 millionThis is all in addition to at least £3bn of business which British panies have secured as part of the Airbus contract concluded with China last weekand a further £2 billion of investments by Tesco to develop new shopping malls over the next five years.And with nearly 50 of Britain’s most influential culture, education and business leaders joining me on this visit.I hope these deals can be just the beginning of a whole new era of bilateral trade between our countries.Achieving this would be a real winwin for our two countries.So if China is prepared to pursue further opening of its marketsand to work with Britain and the other G20 countries to rebalance the world economy and take steps over time towards internationalising its currencythat will go a long way towards helping the global economy lock in the stability it needs for strong and sustainable growth.And just as importantly, it will go a long way in securing confidence in the global munity that China as an economic power is a force for good.Political ResponsibilitiesBut China does not just have new economic power.It has new political power.And that brings new political responsibilities too.What China says – and what China does – really matters.There is barely a global issue that needs resolution, which does not beg the questions: what does China think, and how can China contribute to a solution?China has attempted to avoid entanglement in global affairs in the past. But China’s size and global reach means that this is