Tuesday 20 October 2015

UK energy sector to benefit from £30bn investment

More than £30 billion worth of commercial deals, including those in the energy industry, are to be signed this week.

The government believes President of China Xi Jinping’s visit to the UK will help unlock trade and investment deals, helping create more than 3,900 jobs in energy, transport, retail and property.

The visit will also open up export opportunities for UK companies looking to expand into China and attract investment into the regions, it added.

Prime Minister David Cameron said: “This is going to be a very important moment for British-Chinese relations. Trade and investment between our two nations is growing and our people-to-people links are strong.

"This visit will be an opportunity to review all of these things but also talk about how the UK and China can work together on global issues such as climate change and tackling poverty. It’s a real opportunity to deepen our relationship.”

During the State Visit, Mr Cameron will hold talks with President Xi in Downing Street tomorrow afternoon, with further talks held at Chequers on Thursday.