China and the UK inked about $4.7 billion worth of business deals Monday during Chinese Vice Premier Li Keqiang's visit to London.
The two sides signed 15 agreements and commercial contracts in the presence of Li and British Deputy Prime Minister Nick Clegg, covering fields such as low carbon, wildlife protection, deep-sea oil and gas exploration and development, as well as financial cooperation, according to the Xinhua News Agency. Li met with Prime Minister David Cameron later in the day to discuss bilateral ties.
It was also announced that China will loan a breeding pair of giant pandas - named Tian Tian and Yangguang, which translates to Sweetie and Sunshine - to Edinburgh Zoo in Scotland for 10 years, according to AFP.
"We welcome the entry into our market of competitive goods and services from around the world, and will provide a fair and even more transparent environment for foreign investors," Li wrote in an opinion piece entitled "The world should not fear a growing China," published Monday in the Financial Times.
Accompanied by some 120 Chinese business leaders, "The visit is a happy symbol of Sino- UK ties," Chinese Ambassador to the UK Liu Xiaoming wrote for the Daily Telegraph ahead of Li's visit.
"Stronger relations with China offer a real opportunity for Britain in terms of trade, jobs and economic growth," Cameron said of the visit.
Li started his four-day State visit to Britain on Sunday in Scotland, where he signed a $10 million licensing deal on renewable energy technology between Scottish and Chinese companies.
Li's visit comes as British efforts to drum up exports to China have lagged significantly behind those of European rivals France and Germany, according to AFP. Li has also visited Spain, where he signed about $7.5 billion worth of trade deals and promised to support the Spanish economy by continuing to buy the country's public debt.
"It signals that China is acting responsibly in relation to world economic governance, although pressure can still be expected to push China to reduce its trade surplus," Iain Begg, a research fellow with the European Institute at the London School of Economics and Po-litical Science, told the Global Times.
The UK coalition government has set enhancing ties between the two governments as a key objective.
Cameron led a trade delegation to China in November, and it was the largest official British delegation. He secured an order worth approximately 1 billion pounds ($1.5 billion) from China Eastern Airlines for Rolls-Royce engines to power 16 Airbus A330 aircraft.
Agencies contributed to this story
The two sides signed 15 agreements and commercial contracts in the presence of Li and British Deputy Prime Minister Nick Clegg, covering fields such as low carbon, wildlife protection, deep-sea oil and gas exploration and development, as well as financial cooperation, according to the Xinhua News Agency. Li met with Prime Minister David Cameron later in the day to discuss bilateral ties.
It was also announced that China will loan a breeding pair of giant pandas - named Tian Tian and Yangguang, which translates to Sweetie and Sunshine - to Edinburgh Zoo in Scotland for 10 years, according to AFP.
"We welcome the entry into our market of competitive goods and services from around the world, and will provide a fair and even more transparent environment for foreign investors," Li wrote in an opinion piece entitled "The world should not fear a growing China," published Monday in the Financial Times.
Accompanied by some 120 Chinese business leaders, "The visit is a happy symbol of Sino- UK ties," Chinese Ambassador to the UK Liu Xiaoming wrote for the Daily Telegraph ahead of Li's visit.
"Stronger relations with China offer a real opportunity for Britain in terms of trade, jobs and economic growth," Cameron said of the visit.
Li started his four-day State visit to Britain on Sunday in Scotland, where he signed a $10 million licensing deal on renewable energy technology between Scottish and Chinese companies.
Li's visit comes as British efforts to drum up exports to China have lagged significantly behind those of European rivals France and Germany, according to AFP. Li has also visited Spain, where he signed about $7.5 billion worth of trade deals and promised to support the Spanish economy by continuing to buy the country's public debt.
"It signals that China is acting responsibly in relation to world economic governance, although pressure can still be expected to push China to reduce its trade surplus," Iain Begg, a research fellow with the European Institute at the London School of Economics and Po-litical Science, told the Global Times.
The UK coalition government has set enhancing ties between the two governments as a key objective.
Cameron led a trade delegation to China in November, and it was the largest official British delegation. He secured an order worth approximately 1 billion pounds ($1.5 billion) from China Eastern Airlines for Rolls-Royce engines to power 16 Airbus A330 aircraft.
Agencies contributed to this story
