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UK: British economy receives £40 billion Chinese influx

 |  October 21, 2015

During his recent trip to the UK, Chinese President Xi Jinping has agreed to finance £6 billion towards the UK’s Hinkley Point project in the southwestern English county of Somerset, due to be the first new nuclear plant to be built in the European Union since Japan’s Fukushima disaster in 2011.

Though no definitive amount has been announced, Prime Minister David Cameron has said that China has agreed to pour over £40 billion into the British economy.

Other deals included a $10 billion liquefied natural gas (LNG) supply deal between BP and China’s Huadian power producer, a 2.6 billion pound deal with Carnival Corp to make new cruise ships, and a 1.4 billion pound deal between Rolls-Royce and HNA Group.

Full content: Reuters

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