Utilize the input text as a context reference, choose the right relationship between George Osborne and Chancellor of the Exchequer from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

China George Osborne's fawning in China will do little to save Redcar China is generally considered not quite big enough to do serious economic damage to the world - but it could still kill off Britain's steel industry Chinese Vice Premier Ma Kai (right) shakes hands with Britain's Chancellor of the Exchequer George Osborne (left) before the start of the 7th China-UK strategic economic dialogue at Diaoyutai State Guesthouse, in Beijing, China.

Answer: position_held