Rolls Royce has won a £17 million contract to supply China’s energy infrastructure. It will supply PetroChina with equipment and services to expand the flow of natural gas through the Lunnan-Tulufan branch of the second West to East Pipeline Project.
The deal has been signed while the prime minister is on a trade mission to China. More than £5.6 billion worth of deals creating more than 1,500 UK jobs have been signed between UK and Chinese firms during the visit.
China's leadership said the country may invest in the controversial HS2 rail project and a new generation of nuclear power stations in the UK.
Speaking after talks with David Cameron on the first day of the Prime Minister's visit to China, Premier Li Keqiang said the two sides had agreed to "push for breakthroughs" on nuclear power and high-speed rail.
Mr Li said, "The Chinese side is willing to not only participate but also purchase equities and stocks in UK nuclear power projects, and the UK side is open to this idea."
Speaking ahead of his visit last week, Mr Cameron said, "In terms of HS2, I very much welcome Chinese investment into British infrastructure".
Last year's festival saw sunshine, whereas it has been a damp afternoon in Birmingham this year. Nevertheless, revellers amalgamated into one of the city's most cultural quarters to usher in the Year of the Snake.
A traditional Chinese dragon entertained the crowd this afternoon.