British chancellor moves to improve relations with Beijing after rift over David Cameron's meeting with Dalai Lama.
Osborne, who began a five-day trade mission to China at the weekend, told students at Beijing University: "I don't want us to try to resist your economic progress, I want Britain to share in it.
"And I want, this week, us all to take the next big step in the relationship between Britain and China. Because more jobs and investment in China mean more jobs and investment in Britain. And that equals better lives for all."
"Many people think of China as a sweat shop on the Pearl River. Yet it is at the forefront of medicine, computing and technology. It's a very rapidly changing country."
Earlier, Mr Osborne told an audience of students that his visit was about "much more than a collection of business deals".
"What I really want it to be about is strengthening the understanding between our two nations, deepening our friendship, working out where by working together we can improve the lives of all our citizens," he said in a speech to university students in Beijing.
