China, UK sign deals worth $62 bil­lion

China Daily (Canada) - - NEWS CAPSULE -

Bei­jing and Lon­don signed deals worth about 40 bil­lion pounds ($62 bil­lion) on Wed­nes­day dur­ing Pres­i­dent Xi Jin­ping’s first state visit to the UK.

The cash gen­er­ated by the deals will pro­duce 3,900 jobs across the UK, ac­cord­ing to the Bri­tish gov­ern­ment.

One of the big­gest deals is an agree­ment for China to partly fi­nance a UK nu­clear power plant, the first ma­jor Chi­nese in­vest­ment in a Western nu­clear fa­cil­ity.

Bri­tish Prime Min­is­ter David Cameron an­nounced oil and gas deals worth more than 12 bil­lion pounds, as well as a 2.6 bil­lion­pound deal to make new cruise ships, ac­cord­ing to a Reuters re­port.

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