UK and China clinch multi-billion contracts

Britain and China have signed almost £30 billion ($46bn) in trade deals as part of a drive to forge closer ties between the two countries
------------------------------------------------------------------------------------------------
Oil and gas £12bn 
Oil and gas: Deals worth more than £12 billion, including £6.5bn liquefied natural gas (LNG) supply contract with China’s Huadian power generator. BP will supply up to 1 million tonnes of LNG per year over 20 years

Nuclear energy £6bn 
Power station: China’s state-owned CGN to take 33.5% stake worth up to £6bn in EDF’s Hinkley Point C – first nuclear power plant to be built in UK since 1988

Ship building £2.6bn
Cruise ships: American-British Carnival Corp. has signed £2.6bn contract to launch cruise brand aimed at Chinese audience. Deal funded by sovereign wealth fund, China Investment Corporation

Transport £2bn
Transport: Falkirk-based Alex Dennis Limited and China’s BYD have agreed £2bn deal to manufacture electric buses

Health £2bn
Healthcare: More than £2bn of trade deals between Chinese and UK companies

Building £1.7bn
Building: China’s Citic is main contractor in £1.7bn Royal Albert Docks project

Aviation £1.4bn
Aviation: £1.4bn Rolls Royce deal with China’s aviation conglomerate HNA Group

£917m
Other: £323m GlaxoSmithKline deal,
£200m for University of York TV training,
£194m for Legoland park in Shanghai,
£100m for British theme park, £50m each
for Aston Martin and London Taxi Company
------------------------------------------------------------------------------------------------
Sources Department for Business, Innovation and Skills, company announcements

words 234