British PM arrives in Beijing for official visit

British Prime Minister Keir Starmer arrived in Beijing on Wednesday for an official visit to China through Saturday.

Starmer's visit marks the first visit to China by a British prime minister in eight years. During the visit, President Xi Jinping will meet with him. Premier Li Qiang and Chairman of the National People's Congress Standing Committee Zhao Leji will hold talks and meet with him respectively for in-depth exchanges of views on bilateral relations and issues of common concern.

The visit follows previous high-level exchanges that have set a positive trajectory for China-Britain relations. President Xi had a phone call with Prime Minister Starmer in August 2024, followed by their meeting during the G20 Leaders' Summit in Rio de Janeiro in November, which helped guide the relationship toward improvement and development.

China and Britain are important trade partners to each other, with bilateral trade in goods reaching 103.7 billion U.S. dollars in 2025. Trade in services is expected to exceed 30 billion U.S. dollars, and the stock of two-way investment was nearly 68 billion U.S. dollars that year.

The British prime minister is accompanied by a delegation of executives from over 50 major British companies and representatives from institutions in key sectors such as finance, pharmaceuticals, manufacturing, culture, and creative industries, indicating the British side's anticipation of deepening bilateral economic and trade relations.

Apart from Beijing, Starmer will also visit Shanghai.

The U.S. logistics company United Parcel Service (UPS) announced on Tuesday that it plans to reduce about 30,000 more operational positions this year and will close 24 business facilities by the end of June.

The layoffs are part of the company's business restructuring and transformation plan initiated last April.

In April 2025, UPS announced it would lower costs and improve profitability through large-scale job reductions and the closure of operational sites.

Throughout 2025, the company eliminated 48,000 jobs and closed 93 business facilities.

UPS is redirecting its focus from low-margin parcel delivery for Amazon toward higher-margin freight operations. This strategic shift follows a preliminary agreement announced in January 2025, which is expected to reduce Amazon-related shipping volume by more than 50 percent by the second half of 2026.