“Instead, we should embrace it”. “Indeed we are attracting more investment than Germany, France and Italy put together into the United Kingdom “.

Manchester council leader Sir Richard Leese will be among those accompanying the Chancellor – as well as Trafford’s town hall chief Sean Anstee.

He is expected to announce cultural exchanges and exhibits, along with new investment projects and financial deals.

And a feasibility study is to be launched on establishing a direct “stock connect” link between the London Stock Exchange and Shanghai’s financial market.

“Then it should serve as a reminder to get our house in order so that we can deal with global difficulties”.

“There is another opportunity for Chinese investment, in high speed rail, in the north of England”, he added, without elaborating.

China represents perhaps the purest expression of Osborne’s realpolitik approach to promoting prosperity in Britain.

The trip marks a continuing upswing in UK-China relations, which were briefly thrust into the deep-freeze by Beijing’s displeasure at Prime Minister David Cameron’s meeting with the Dalai Lama in 2012.

‘It is another move forward for the golden relationship between Britain and China – the world’s oldest civil nuclear power and the world’s fastest growing civil nuclear power’.

So while many Britons, and even some in Government, have concerns about China’s political and economic policies, they are unlikely to be aired during these talks.

A series of major Chinese investments in Britain are expected to be unveiled next month when president Xi Jinping travels there next month on his first state visit to the country.

Mr Osborne was interviewed at a Beijing tech start-up incubator by prominent TV host Tian Wei.

The trip, starting Saturday, will include stops in Beijing, Shanghai and Chengdu, the Treasury in London said in an e-mailed statement Friday.

Osborne says Britain would like to continue helping the gradual internationalization of the yuan, and that it welcomes the potential for majority Chinese investment in the UK.

“Of course there have been ups and downs”.

He also said the effect of the recent turmoil on the Chinese stock market on other financial markets had been “relatively limited”.

It signals that the Government remains determined to deepen Britain’s ties with the world’s second-largest economy, despite the slowdown in the east Asian giant’s growth. “When you look at what China is doing at the moment, I think that the message that I would say to China is: ‘Carry on with the reform, carry on with the change you are making, ‘” Osborne said.