17 September 2019

Xi to sign a dozen deals in Seoul visit

Chinese President Xi Jinping is expected to sign 12 agreements during his two-day visit to South Korea which begins Thursday, Beijing News reported Wednesday.

These will cover trade, finance, the environment and consular affairs, Chinese Vice Foreign Minister Liu Zhenmin was quoted as saying.

It will be the first visit to the country for Xi since he took office.

Xi will meet with his South Korean counterpart, Park Geun-hye, and Prime Minister Jung Hong-won. Also, he will give a speech at a university.

The leaders are expected to discuss issues on the Korean peninsula.

Xi will be accompanied by a group of Chinese corporate chiefs including Alibaba Group chairman Jack ma, Baidu’s Robin Li, Huawei Technologies president Ren Zhengfei and Bank of China chairman Tien Guoli, the report said.

A China-South Korea business forum will be held on Friday, with more than 400 participants from both countries, including Hyundai Motor Group chairman Chung Mong-koo and LG Group chairman Koo Bon-moo.

Xi will attend a seminar with a dozen leaders of major South Korean corporations before the forum.

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