Just as it wouldn't be right to only to have an economic dialogue with China, equally you shouldn't restrict your dialogue solely to issues around, say, human rights. You can raise all those issues, and that is what reflects a mature discussion. So I don't think essentially we have to choose between being partners in China's economic development and being proud defenders of British values.

I find China such a fascinating and interesting country. Each time I come back something has changed and it's moved on in leaps and bounds.

I want Britain to be a global financial centre but I want it to be properly regulated.

Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.

I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be fair it's within the tax laws, so that they were regularly paying virtually no income tax. And I don't think that's right.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

You know the illusion of the cheap money is over and now Britain has to go out there and graft and earn its way and create wealth and prosperity in a very competitive world.