Theresa May meets for trade cooperation talks with Li Keqiang in Beijing

The transcript discusses the importance of international collaboration and global standards in a world of complex value chains. It highlights the UK's recent economic achievements, including record foreign direct investment, increased employment, and a rise in exports. The UK has also seen significant growth in tech startups and venture capital, positioning itself for a global future.

Why is collaboration between countries in the field of IoT considered important?

• It helps in reducing the cost of technology.

• It encourages the development of global standards.

• It limits the influence of regional standards.

• It increases competition among countries.

What recent economic achievement did the UK experience?

• A decrease in foreign direct investment.

• A decline in employment rates.

• A record amount of foreign direct investment.

• A reduction in service exports.

What was the percentage increase in the UK's goods exports last year?

• 16%

• 20%

• 25%

• 10%

How many tech startups were established in the UK last year?

• 60,000

• 65,000

• 58,000

• 50,000

Which city attracted more venture capital on tech than Germany, France, Spain, and Ireland combined?

• Edinburgh

• Manchester

• Birmingham

• London