China and Britain have agreed to forge a global comprehensive strategic partnership in the 21st century, according to a report by the Xinhua News Agency.
President Xi Jinping has declared in a joint press conference with British Prime Minister David Cameron that the two countries will attempt to initiate a golden era of an enduring and inclusive relationship, which will create a brighter future for the two countries.
Both leaders have made significant progress in agreeing with international and regional issues. As a result, Xi is confident that it is the right time for the two sides to deepen their bilateral relationship.
For Britain, the country has pledged to be China's ally in the West and the most open partner of the world's second largest economy.
Various companies from both sides have already signed landmark agreements for economic cooperation.
"Our relationship goes beyond trade and investment," said Cameron. For him, both China and Britain have shared interests in a stable modern world.
As a result of various subsequent business deals, Cameron stated that the total amount has almost reached 40 billion pounds ($62 billion).
According to Ramon Pacheco Pardo, a senior lecturer in international relations with King's College London, the China-Britain relationship has transcended initial misgivings about Chinese foreign and economic policy.
For Britain, China is becoming a major strategic partner, he said.
"Britain has set an example to the rest of the world that open cooperation, harmony and inclusiveness are the way out. It heralds a new model of globalization," said Professor Wang Yiwei from the Renmin University of China.