WAR ON PIRACY IN Â£1.4BN DEAL WITH CHINESE
DAVID Cameron yesterday pledged action to stop Chinese manufacturers pumping out cheap rip-off versions of British products as he announced trade deals worth a total of Â£1.4billion.
The Prime Minister agreed a series of business deals between the two countries during talks with Chinaâ€™s Premier Wen Jiabao in Downing Street.
He said a high-level conference would look at the issue of copyright and complaints about the scale of pirating of music, films and patents in China.
At a joint news conference in the Foreign Officeâ€™s grandiose Locarno Room, Mr Cameron said: â€œTrade with China is a huge opportunity for the UK and we have a lot to offer China too. As our economies become increasingly complementary, the UK has the goods and services, the experiences and the skills to match Chinaâ€™s ambition to move up the value chain.â€
More trade both ways will mean â€œjobs, growth and prosperity for all of usâ€, he said.
Deals included one for British Gas with the Bank of China to provide a credit facility worth up to Â£940million to expand its operations in China as well as one for drinks giant Diageo to operate in China.