Britain's finance minister, Chancellor George Osborne, has announced that the UK will relax its visa restrictions for Chinese nationals. He made the announcement at the start of his week-long visit to China, which is being seen as an opportunity to improve business for British companies and increase Chinese investment in the UK.
high-ranking person in the government. The British Chancellor is responsible for economic and financial matters
no restrictions
(here) made its importance clear
attracting a lot of attention in the media
improving relations between two countries
very angry
sent away from his own country
(here) to make less strict
using a lot of money to buy things