China and the UK are hoping to sign deals that will benefit both sides.

China and the UK are hoping to sign deals that
will benefit both sides. According to the
Financial Times, the UK is trying to attract
Chinese investment to northern England. And
that includes a 12 billion-pound-contract for a
high speed rail line.
UK Chancellor George Osborne is also waiting to
settle a deal with Beijing on the Hinkley Point
nuclear power station. He has already placed an
initial 2 billion pound government guarantee to
try to reach an agreement.
China is expected to push for financial initiatives,
such as issuing yuan denominated bonds in
London. That would help further its RMB
internationalisation process.
According to statistics, direct investment from
China to Britain has risen 400 times in the past
decade, reaching over 40 bln US dollars or 26
billion pounds by the end of last year.
The UK is now China's largest investment
destination country in Europe with over 500
Chinese companies setting up booths.
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