Information reaching CEOAFRICA.com is that, in a bid to persuade more Chinese companies to invest in UK, Chancellor George Osborne has announced during his trade trip to China that visa applications for Chinese visitors entering the UK will be simplified.

 According to him, "What I really want it to be about is strengthening the understanding between our two nations, deepening our friendship, and working out where by working together we can improve the lives of all our citizens.

"Yes, of course, we have differences, different political systems, we attach value to different things, and we shouldn't be afraid of pointing out where we disagree’’.

"But let us not do it in a way that is not respectful of each other and tries to understand each other, and let us try to overcome our differences and work together in peaceful co-operation’’.

He further added that the Chinese nationals visiting the EU will not need to submit separate UK visa applications if they book with selected travel agents. A 24-hour "super priority" visa service will also be available from next summer. In his speech, Mr Osborne said: "Let me make this clear to you and to the whole of China, there is no limit to the number of Chinese who could study in Britain.

"There is no limit to the number of Chinese tourists who can visit. No limit on the amount of business we can do together’’. It was told by the UK government that the Chinese contributed about £300m to the UK economy last year.