The chancellor, George Osborne has announced that the government would make it easier for Chinese business leaders to visit the UK with the introduction of a 24 hour 'super-priority' visa service.
Speaking to the BBC Radio 4 Today programme from Beijing the Chancellor said that Britain should stop regarding China as a 'sort of sweat shop on the Pearl river' as China is now at the forefront of medicine, computing and engineering.
He also said that the Prime Minister was unlikely to see the Dalai Lama any time soon, putting distance between today's announcement and the diplomatic spat that emerged after David Cameron met the Dalai Lama in may last year.
The PM has said that the 'BRIC' (Brazil, Russia, India and China) countries are a priority and seems very keen to work with China despite concerns over the country's dodgy record in the areas of corruption and human rights.
Commenting on the new rules for Chinese visas Chris Cummings, Chief Executive of TheCityUK, said:
"TheCityUK welcomes the creation of a best-in-service visa system for Chinese visitors, which is exactly what we need to boost UK jobs and growth, as well as reinforcing our important links to the EU markets and the rest of the world.
"This initiative from Chancellor George Osborne is just one simple and practical way the Government is getting us back to growth.
"This is an important step to encourage further investment from Chinese companies into the UK. We must continue to demonstrate that the UK is the best place in which and from which to do business. This requires a visa system that reflects business needs, reinforces and generates economic growth and enhances the commercial and economic links that form the bedrock of our international competitiveness."