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China and UK sign extensive trade and investment deals worth £40b

Major pacts include China's stake in Hinkley nuclear power plant and agreement on cyber-espionage

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Published Thu, Oct 22, 2015 · 09:50 PM

    London

    TRADE and investment deals worth £40 billion (S$86 billion) sealed between China and Britain have helped lift the sterling against the US dollar and other currencies.

    The focus is on bilateral investment, infrastructure and innovation. The well-advertised Hinkley Point C nuclear plant in south-west England was confirmed as French energy firm EDF and China General Nuclear Power Corporation (CGN) signed an investment agreement to build the new plant in Somerset.

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