At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.

Well look, no one takes pleasure from people making money out of the misery of others, but that is a function of capitalist markets.

China is absolutely one of the biggest players in the world and if Britain wants to be connected to the world it has to be connected to China.

One of the big problems we have in this country is that not enough people understand how important it is to save, understand the details of credit card statements, to be able to compare different APRs and the like. I support the idea.

I would also like to see children aged between 11 and 18 taught financial education in a structured way in schools. I would also say that that is not enough. You have also got to improve numeracy skills, mathematical skills in schools.

Each time I come it's amazing to watch the development of this incredible country [China].

We support the auto-enrolment but we have our doubts about the way the National Pension Scheme is going to be structured.