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Multiple deals to be sealed during Xi's Britain visit: MOC

Xinhua, October 20, 2015 Adjust font size:

Multiple deals in various fields are expected to be signed during President Xi Jinping's visit to Britain, the Ministry of Commerce (MOC) said on Tuesday.

The MOC said areas would include commerce, energy, medical care, automobile and real estate, but did not disclose how much they will be worth.

They will be "very big" and surpass the achievements made by Xi's predecessors during their Britain visits, the ministry said.

Xi's state visit, which will conclude on Friday, is the first by a Chinese president since 2005. He arrived in London on Monday evening.

The MOC said Chinese and British enterprises face many opportunities in infrastructure construction, citing China's Belt and Road Initiative and Britain's "Northern Powerhouse" project, a bid to balance its London-led economy.

China-Britain investment and business cooperation has been continually growing. Britain has become the EU's second largest investor in China as well as China's second largest trading partner and investment destination in the EU. China is Britain's fourth largest trading partner.

Last year, bilateral trade between the two countries reached 80.9 billion U.S. dollars, up 15.3 percent. In the Jan.-Sept. period, bilateral trade remained steady and reached 58 billion U.S. dollars. Endi