The change brings the UK in line with countries including France, Germany, Italy, Australia and Japan, No 10 says, with the PM adding: "Businesses have been crying out for ways to grow their footprints in China" BBC reported.
Meanwhile, pharmaceutical giant AstraZeneca, headquartered in the UK, announces a $15bn investment in China
Dharshini David analysis: There's much fanfare surrounding the deals, but in economic terms this will not be a game changer
Shadow home secretary Chris Philp accuses the government of trading "national security for economic crumbs off the Chinese table", saying Starmer went to Beijing to "kowtow to Xi"
Earlier the PM said the relationship between the UK and China was in a "good, strong place" after talks with Chinese leader Xi Jinping in Beijing
Xi said there have been "twists and turns" in China-UK ties, but engagement is "unavoidable" - here are the key takeaways from their meeting