TimesOnline: Chinese deals worth £1.5bn announced
May 10, 2004Four British companies will tomorrow announce joint ventures in China worth more than £1.5 billion, according to Government officials.
The announcements will coincide with a three-day visit to the UK by Wen Jiabao, the Chinese Prime Minister.
Representatives of BP, Shell, Kingfisher and its B&Q unit will join the Trade and Industry Secretary Patricia Hewitt and Chinese Commerce Minister Bo Xilai at the contract signing ceremony in London.
The deals include a retail petrol stations venture in Guandong Province between BP and PetroChina and a similar arrangement in Zhejiang Province between BP and Sinopec.