UK strikes £5.6bn worth of deals with China

Prime Minister David Cameron. Picture: PA

Prime Minister David Cameron. Picture: PA

Business deals worth a total of £5.6 billion and creating 1,500 jobs in the UK have been struck during the first day of David Cameron’s visit to China, according to Downing Street.

They include a £6 million contract for Manchester-based Sweet Mandarin foods to supply gluten- and monosodium glutimate-free Chinese sauces to China.

The bulk of the value of the deals was covered by a £4.5 billion agreement secured by Jaguar Land Rover to deliver 100,000 vehicles for sale in China over the next year.

Wiltshire-based Moulton cycles got a £500,000 order with a Chinese distributor to supply a special model created which is only going on sale in China.

And Surrey Satellites signed a £110 million agreement with a Chinese technology company to work on a new satellite system under the auspices of a memorandum of understanding on UK/China space co-operation signed by the chief executive of the UK Space Agency, David Parker, and his Chinese counterpart.

An automotive company by the name of Chang-An has announced that it will base its £60 million new European research and development centre in the West Midlands, creating 250 jobs by 2017.

Rolls-Royce aero-engines have sealed a £70 million contract to get involved in supplying infrastructure for a power systems company.

The Peel Group has announced plans to build an international trade centre in The Wirral with the hope of attracting 300 Chinese businesses.

London-based SolaQuaGen is to invest in desalination plants to provide clean drinking water in China, in a deal valued at £225 million and expected to create more than 750 jobs in Britain.




Back to the top of the page




In partnership with

Complete coverage of the festivals. Guides. Reviews. Listings. Offers

Let's Go!

No Thanks