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China, Britain sign trade deals worth £14 bn

Chinese Premier Li Keqiang (L) and Britain's Prime Minister David Cameron during a joint press conference in London on June 17, 2014Britain and China signed trade deals on Tuesday worth more than £14 billion ($28 billion, 17 billion euros), during a visit to London by Premier Li Keqiang aimed at resetting economic and diplomatic ties. Links between Britain and China were strained after British Prime Minister David Cameron met exiled Tibetan spiritual leader, the Dalai Lama, in 2012. But Li and Cameron said they were now focused on strengthening British and Chinese economic ties after concluding deals and holding talks at Cameron’s Downing Street office. The largest deal was a £12 billion agreement between British energy giant BP and Chinese state-owned peer CNOOC to supply China with 1.5 million tonnes of liquefied natural gas per year over 20 years from 2019.

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