China and Britain sign £14bn worth of trade deals

Good stuff. It is notable that China continues to invest heavily in the UK.

In an earlier post, I also highlighted that China's richest man has invested in UK. For some reason, the
Chinese find the UK to be an attractive investment destination.

Obviously, all this bodes very well for London.

As for the Scots and their desire for independence..... Not sure what they are thinking.
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LONDON: Britain and China signed trade deals on Tuesday worth more than 14 billion pounds (US$24 billion, 17 billion euros), during a visit to London by Premier Li Keqiang aimed at resetting economic and diplomatic ties.

Links between Britain and China were strained after British Prime Minister David Cameron met exiled Tibetan spiritual leader, the Dalai Lama, in 2012.

But Li and Cameron said they were now focused on strengthening British and Chinese economic ties after concluding deals and holding talks at Cameron's Downing Street office.

"Today we have signed deals worth more than 14 billion pounds, securing jobs and long-term economic growth for the British and Chinese people," Cameron told a joint press conference.
"Ours is truly a partnership for growth, reform and innovation."

The largest deal was a 12 billion agreement between British energy giant BP and Chinese state-owned peer CNOOC to supply China with 1.5 million tonnes of liquefied natural gas per year over 20 years from 2019.
China Minsheng Investment Corporation, China's largest private sector investment group, will open its European headquarters in London, with an investment of around 1.5 billion pounds in a range of sectors.
Meanwhile, Royal Dutch Shell, the Anglo-Dutch oil giant, signed a cooperation agreement with CNOOC covering upstream, midstream and downstream activities.

Last year, British exports to China averaged more than 1 billion pound each month, while more than 8 billion pounds of investment flowed the other way in 2013 to 2014.

Cameron said he would continue to press the European Union to strike a trade deal with China, and for free trade within the Group of 20 and the World Trade Organization members.

The British premier flew to China in December with a delegation of business leaders as part of his drive to bolster growth after the financial crisis by boosting trade with major emerging economies.
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