{"id":63244,"date":"2015-10-23T17:14:00","date_gmt":"2015-10-23T17:14:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=83bb501ef617d14a3780a9a4e31ba2ba"},"modified":"2015-10-23T17:14:00","modified_gmt":"2015-10-23T17:14:00","slug":"news-story-chinese-state-visit-up-to-40-billion-deals-agreed","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=63244","title":{"rendered":"News story: Chinese state visit: up to \u00a340 billion deals agreed"},"content":{"rendered":"
\n

Almost \u00a340 billion worth of deals between the 2 countries were agreed during the visit.<\/p>\n

The below is a list of commercial deals that have been agreed during the China State Visit:<\/p>\n

Highlights of commercial deals<\/h2>\n

Hinkley: \u00a36 billion Chinese investment to build 2 new nuclear reactors at Hinkley Point C in Somerset. Hinkley Point C will generate a stable source of clean power to nearly 6 million homes, and will provide up to 25,000 employment opportunities. In operation Hinkley Point C will employ around 900 permanent staff. <\/p>\n

BP and China Huadian Corporation today signed a sale and purchase agreement for BP to sell Huadian up to 1 million tonnes of liquefied natural gas (LNG) per year worth up to \u00a36.5 billion over the next 20 years.<\/p>\n

Rolls-Royce announced a deal with HNA Group to provide Trent 700 engines to power 20 Airbus A330s. This includes TotalCare\u00ae service support for the engines. Rolls-Royce and HNA Group have also agreed a TotalCare package for a further 9 Trent 700 engines and 15 Trent XWB engines. The total value of the deal is \u00a31.56 billion. The Trent 700 and Trent XWB engines are 2 of Rolls-Royce\u2019s best-selling engines and are assembled in Derby. <\/p>\n

Carnival plc has entered into a joint venture with China State Shipbuilding Company and China Investment Corporation to own and operate a fleet of cruise ships to serve the Chinese domestic market, with an investment value of \u00a32.6 billion. <\/p>\n

CITIC – The developer behind the transformation of Royal Albert Dock, ABP has announced it is joining forces with CITIC Group. It will cost \u00a31.7 billion to transform Royal Albert Dock into London\u2019s next business district.<\/p>\n

Oxford University – China Construction Bank through her subsidiary CCBI to provide capital market assistance of up to \u00a36 billion to help fund regenerative medicine and tissue engineering research after signing a deal with Oxford University<\/p>\n

Hualing – Hualing\u2019s investment will unlock 3 major regeneration projects in Leeds, Manchester and Sheffield with a combined Gross Development Value of \u00a31.2 billion. <\/p>\n

Alexander Dennis – A \u00a32 billion commitment by 2 of the world\u2019s leading bus manufacturers. BYD is to join forces with British bus builder Alexander Dennis Limited (ADL) to build 200 12 metre single deck emission free buses a year representing turnover of around \u00a3660m over the next 10 years. The companies confirmed they are extending their alliance to include double decker buses taking their commitment to \u00a32 billion and will help secure up to 2,100 jobs in the Yorkshire, Scotland and the South East.<\/p>\n

Inmarsat has signed a MOU with its long-established Chinese partner China Transport Telecommunication Information Centre (CTTIC) to implement a strategic partnership worth more than \u00a32 billion. This will deliver Inmarsat\u2019s revolutionary fifth generation satellite service, Global Xpress, throughout China and the One Belt One Road region. In addition this will to establish a joint venture to provide aviation passenger connectivity and safety services to Chinese airlines globally.<\/p>\n

MoU<\/abbr> to establish \u2018Garden of Ideas\u2019 \u2013 Created by Simon Elliott in collaboration with Sir Tim Smit KBE and the Eden Project: \u00a31 billion.<\/p>\n

Sinophi will be building 7 hospitals in China which will generate \u00a3800 million.<\/p>\n

Sanpower acquisition and expansion of Hamleys. Sanpower will initially invest \u00a3100 million plus \u00a3100 million over 5 years and create an extra 500 jobs. They will also invest \u00a3400 million on taking Hamley\u2019s to China. Total value: \u00a3600 million.<\/p>\n

BP-ICBCL – As part of its ongoing fleet rejuvenation programme, BP Shipping has entered into a $900 million financing agreement with Industrial and Commercial Bank of China Financial Leasing affiliates (ICBCL) for the purchase and lease-back of 18 oil tankers being built for BP in South Korea. The agreement marks BP\u2019s first such transaction with ICBCL and is BP\u2019s highest value tanker-financing deal to date. Value \u00a3550 million.<\/p>\n

IHG has signed \u00a3204 million deal with China engineering company, a 1,000 bed hospital in a district in central China.<\/p>\n

University of York has developed a \u00a3200 million TV training programme. Working with China Capital Investment Group (CCIG), the programme will recruit up to 300 students a year from China and other countries and will be delivered in bespoke facilities on the York campus.<\/p>\n

Beijing Construction Engineering Group (BCEG) are making a significant equity investment to take a 21% stake in a major regeneration project in Manchester city-centre: \u00a3200 million, 600 permanent jobs.<\/p>\n

Aston Martin unveiled a \u00a350 million deal with China Equity to develop its zero-emission RapidE sports car. <\/p>\n

London Taxi Company owner Geely also announced an additional \u00a350 million investment to enhance their research capabilities and launch a new fleet of zero-emission-capable black cabs.<\/p>\n

Full list of deals<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Deal<\/td>\n\u00a3\u00a3BN\/\u00a3\u00a3MN<\/td>\nJobs<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
BP \u2013 agreement to sell Liquid Natural Gas to Huadin over 20 years<\/td>\n\u00a36.5 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Hinkley Point C \u2013 China to take a 33.5% stake in the power station in a joint venture with EDF<\/td>\n\u00a36 billion<\/td>\nUp to 25,000 jobs (24,100 temporary \/ 900 permanent)<\/td>\n<\/tr>\n
Oxford University \u2013 China Construction Bank (through subsidiary CCBI) to help fund regenerative medicine and tissue engineering research with Oxford University<\/td>\n\u00a36 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Carnival Plc \u2013 Agreement with China State Ship Building Company to build ships<\/td>\n\u00a32.6 billion<\/td>\n1,600 created, 400 safeguarded<\/td>\n<\/tr>\n
Alexander Dennis \u2013 joint venture with BYD for 200 electric buses<\/td>\n\u00a32 billion<\/td>\n2,100 safeguarded<\/td>\n<\/tr>\n
Inmarsat \u2013 to supply fifth generation satellite to China<\/td>\n\u00a32 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Royal Albert Docks \u2013 CITIC construction investment to redevelop Royal Albert Docks<\/td>\n\u00a31.7 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Rolls-Royce \u2013 deal with Hainan Airlines for 20 Trent 700 engines and Total Care Package<\/td>\n\u00a31.56 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Hualing \u2013 investment into 3 regeneration projects, Manchester, Leeds, Sheffield<\/td>\n\u00a31.2 billion<\/td>\n\u00a0<\/td>\n<\/tr>\n
Garden of ideas \u2013 MoU<\/abbr> to establish \u2018Garden of Ideas\u2019: \u00a31 billion<\/td>\n\u00a31 billion<\/td>\n200 created<\/td>\n<\/tr>\n
Sinophi Hospital \u2013 building 7 hospitals<\/td>\n\u00a3800 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sanpower \u2013 acquisition and expansion of Hamleys<\/td>\n\u00a3600 million<\/td>\n500 created<\/td>\n<\/tr>\n
BP \u2013 ICBCL third party financing BP\u2019s fleet rejuvenation programme. BPs first commercial transaction with ICBL<\/td>\n\u00a3550 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
International Hospital Group \u2013 hospital build with CREC<\/td>\n\u00a3204 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
York University \u2013 a TV training programme with China Capital Investment Group<\/td>\n\u00a3200 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
BRE (UK) \u2013 partnership on green building with Evergrande Group and Tsinghua University<\/td>\n\u00a3200 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Beijing Construction Engineering Group (BCEG) \u2013 taking a 21% stake in a major regeneration project in Manchester city-centre<\/td>\n\u00a3200 million<\/td>\n600 created<\/td>\n<\/tr>\n
Sanpower \u2013 first 3 House of Fraser stores to open in China<\/td>\n\u00a3100 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Future TV and Distrify \u2013 Online distribution of film and TV programmes in China and internationally<\/td>\n\u00a385 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Zhong Project \u2013 project to bring FDI to UK for export-oriented UK life sciences<\/td>\n\u00a3100 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
NetDragon Websoft inc \u2013 purchase of Promethean World plc<\/td>\n\u00a384.8 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fosun Group \u2013 increased its stake in Thomas Cook<\/td>\n\u00a370 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cerno \u2013 to distribute medical imaging machines for use by NHS trusts<\/td>\n\u00a358 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Counton GMS \u2013 working with UK private hospitals to provide specialist hospital treatment for Chinese patients in the UK<\/td>\n\u00a357 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Hainan Airlines \u2013 direct flights from Manchester to Beijing<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Geely \u2013 additional investment in Coventry<\/td>\n\u00a350 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Aston Martin \u2013 MoU<\/abbr> with China Equity to finance the new electric Aston Martin Rapide<\/td>\n\u00a350million<\/td>\n\u00a0<\/td>\n<\/tr>\n
China Dream Space \u2013 creation of a 2,000sqm to incubate innovative companies at Canary Wharf<\/td>\n\u00a350 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Thomas Pink \u2013 deal with LongGal to act as a franchise partner for roll out of its stores in China \u2013 over 5 years<\/td>\n\u00a333 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Newton Fund \u2013 Promoting UK-China Joint Research Partnership<\/td>\n\u00a320 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Annie Barr International \u2013 deal with TBF to provide training for elderly care workers in China<\/td>\n\u00a316 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Kings College London \u2013 contract with Nanjing Health Bureau to train nurses in Nanjing and Jiansu<\/td>\n\u00a310 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Phynova \u2013 Xiangxue investing in Phynova to develop herbal drugs<\/td>\n\u00a35 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Shanghai Upper Biotech \u2013 working with Microtest to research and develop point of care test technology<\/td>\n\u00a32.4 million<\/td>\n10 created<\/td>\n<\/tr>\n
GlaxoSmithKline \u2013 a programme to train 7,000 Chinese medics over three years.<\/td>\n\u00a32 million<\/td>\n\u00a0<\/td>\n<\/tr>\n
Glasgow Caledonian University \u2013 a deal with Beijing Health School to train nurses<\/td>\n\u00a31 million<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

At the time of publication BP, Cambridge Education Limited, Merlin, Tang Culture Group, Uppingham School, BBC Worldwide could not disclose a figure for specific deals due to commercial sensitivities or commercial confidentiality.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

From 20 to 23 October 2015 the UK welcomed President Xi Jinping to London for the first state visit from China in 10 years.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63244"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63244"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63244\/revisions"}],"predecessor-version":[{"id":63275,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/63244\/revisions\/63275"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}