Date
26 September 2017
Chinese Premier Li Keqiang and British Prime Minister David Cameron at a news conference in London on Tuesday. Photo: Reuters
Chinese Premier Li Keqiang and British Prime Minister David Cameron at a news conference in London on Tuesday. Photo: Reuters

China, Britain ink US$23.7 bln deals during Li’s UK trip

China and the United Kingdom signed economic and trade deals worth 14 billion pounds (US$23.7 billion) as Premier Li Keqiang paid an official visit to Britain, Ming Pao Daily reported Wednesday.

The deals include an agreement reached by China National Offshore Oil Corp (CNOOC) and London-based oil giant BP Plc for liquefied natural gas (LNG) supply.

Under the agreement, BP will supply up to 1.5 million tons per annum of LNG from its global portfolio to CNOOC over 20 years starting in 2019, according to a CNOOC statement.

Meanwhile, China and the UK also vowed to boost financial cooperation, facilitate direct trading of their currencies and promote renminbi settlement and clearing in London, the report said.

Li applauded measures adopted by Britain to simplify visa application procedures for Chinese visitors.

British Prime Minister David Cameron said, among other things, that the two countries will work together to maintain Hong Kong’s prosperity and stability under the principle of “one country, two systems”.

Li arrived in UK on Monday for an official visit. He met Queen Elizabeth II at the Windsor Castle on Tuesday. Britain is the first leg of his two-nation trip to Europe, which will also take him to Greece.

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KZ/AC/RC

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