China's growing investments in «open» Britain

  • 2/5/2023
  • 22:06
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London, Jumada I 22, 1436, Mar 13, 2015, SPA -- Britain and China have signed investment agreements valued at billions of dollars in recent years, with more deals likely during an expected visit to London by Chinese President Xi Jinping this year. Chinese firms were involved in 92 acquisitions valued at some 35 billion dollars in UK-registered companies since 2007, according to London-based investment consultants Dealogic. Bilateral deals valued at some 12 billion pounds (18 billion dollars) were signed during Chinese Premier Li Keqiang's visit to London in June, Prime Minister David Cameron said at joint press event with Li. After high-profile talks between Li and Cameron, China's central bank announced that London would begin direct trading between its renminbi currency and the British pound, dpa reported. During his trip to China six months earlier, Cameron had offered Britain as an "ideal partner" for China. He angered EU officials by supporting Beijing's call for the European Union to negotiate a free-trade agreement with China. -- SPA 22:48 LOCAL TIME 19:48 GMT www.spa.gov.sa/w

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