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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.

 

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