Cameron poses for selfie during Chinese trade charm offensive... but state-run newspaper calls Britain a fallen great power Prime Minister is on an official business trip to China He posted a photo of himself and Chinese entrepreneur Jack Ma on Twitter Chinese state-run newspaper has labelled Britain a fallen great power Editorial said Britain was now just a destination for tourists and students Cameron is leading Britain's largest trade mission to China This picture may look relaxed as David Cameron gets in on the selfie trend but behind the smiles a potential diplomatic row has started rumbling. While on his official trip to China the Prime Minister agreed to post a picture of himself with a local entrepreneur with the caption 'Jack Ma took a 'selfie of us together, which I promised to share! #UKChina.' But while half way through the trade visit, a state-run newspaper labelled Britain a fallen great power worthy only as a destination for tourists and students. David Cameron took this selfie with Chinese entrepreneur Jack Ma and posted it on Twitter this morning The Global Times editorial appeared as Cameron emphasised the potential for increased trade and investment during a visit to the financial hub of Shanghai. He is leading Britain's largest trade mission to China, with more than 100 leaders from business, education, and cultural fields, along with six government ministers. During his time in Beijing, Cameron oversaw the signing of agreements in areas including space exploration and football training, and voiced support for a deal to free up trade between China and the European Union, China's largest trading partner. Such a deal could be worth up to £1.8 billion a year to the British economy, the government says. The Global Times also took Cameron to task for comments backing expanded democracy in former British colony Hong Kong, and said Britain is colluding with France and Germany to provoke China over the Dalai Lama. Cameron's visit was originally scheduled for last year, but was postponed by China after he met with the exiled Tibetan spiritual leader, who is reviled by Beijing. Prime Minister David Cameron grabs the Premier League trophy and poses for pictures with former England footballer Greame Le Saux at the Shanghai Exhibition Centre where they attended a lunch to promote British business in China Prime Minister David Cameron holds a PM Direct event with students from Shanghai Juo Tong University in Shanghai Prime Minister David Cameron walks along The Bund with Lisa Pan, Vice President of Rekoo, one of Asia's largest social gaming companies, in Shanghai 'We've discovered that Britain is easily replaceable in China's European foreign policy,' said the editorial in the newspaper's Chinese edition. Moreover, Britain is no longer any kind of "big country," but merely a country of old Europe suitable for tourism and overseas study, with a few decent football teams. China would respond in kind to all perceived diplomatic slights, the editorial said, adding that 'in conclusion, we wish Prime Minister Cameron and his delegation a pleasant visit to China.' A similar editorial in the newspaper's English edition labelled Britain as being 'just an old European country apt for travel and study.' Following talks with Chinese Premier Li Keqiang and President Xi Jinping, Cameron flew to Shanghai on Monday night for further meetings and to speak at a university. Feels like home: David Cameron hops into a black cab which are going to be rolled out in Shanghai David Cameron sits in a London black cab which are to be introduced to Shanghai's streets Taxi! Prime Minister David Cameron sits in a London black cab with Geely Chairman Li Shufu His trip is to conclude on Wednesday in the southwestern city of Chengdu. The trade deals signed had been in the works for months or years and British business and Cameron's government had been anxious to finalise them. That was partly because of concerns that Britain was being less active in courting business with the world's second largest economy than rivals France and Germany. Cameron's schedule underwent a number of last-minute changes and an expected news conference in Beijing was scrapped. Prime Minister David Cameron (left) closes his eyes next to Chinese Premier Li Keqiang as the national anthem is played during an official welcoming ceremony David Cameron attends a press conference with Chinese Prime Minister, Premier Li Keqiang at the Great Hall of the People Standing together: David Cameron with Chinese Prime Minister, Premier Li Keqiang at the Great Hall of the People during his official trip to China Chinese Premier Li Keqiang and British Prime Minister David Cameron pose for a group photo with British business leaders China's yuan currency overtook the euro in October becoming the second-most used currency in trade finance, global transaction services organisation SWIFT has said. The market share of yuan usage in trade finance, or Letters of Credit and Collection, grew to 8.66 percent in October 2013. That improved from 1.89 percent in January 2012. The yuan, also known as the renminbi, now ranks behind the U.S. dollar, which remains the leading currency with a share of 81.08 percent. The top five countries using the yuan for trade finance in October were China, Hong Kong, Singapore, Germany and Australia, SWIFT said in a statement. Franck de Praetere, SWIFT's Asia Pacific head of payments and trade markets said: 'The RMB is clearly a top currency for trade finance globally and even more so in Asia.' The RMB remained the 12th payments currency of the world, with a slightly decreased share of 0.84 percent compared with 0.86 percent in September. RMB payments increased in value by 1.5 percent in October, while growth for all payments currencies was at 4.6 percent. The world's second-largest economy is accelerating the pace of financial reform to promote its currency to international players beyond Hong Kong. China aims to lift the yuan's global clout and reduce its reliance on the U.S. dollar. Yuan trade settlement has expanded quickly since it first began in 2009 and the percentage of China's total trade settled in yuan has risen from 12 per cent in 2012 to nearly 20 per cent.