UK unveils £1.4 billion of deals with China

Reuters) - Britain and China unveiled a series of deals during a visit by Chinese Premier Wen Jiabao on Monday.

“I’m delighted that today’s summit has seen new deals signed worth another 1.4 billion pounds. This includes BG’s memorandum of understanding with the Bank of China, to provide a credit facility worth up to 1.5 billion to expand their business in China,” Prime Minister David Cameron said.

Cameron was speaking at a news conference with Wen.