The Prime Minister, David Cameron said:

"China's economic progress is creating huge opportunities for the UK. As our economies become increasingly complementary, the UK has the goods and services, experience and skills to match China’s ambition to move up the value chain.

"Since my visit last November UK exports of goods to China have increased by more than a fifth and I’m delighted that today’s summit has seen new deals signed worth another £1.4 billion. Building on this trade and investment will mean jobs, growth and prosperity for us all."

Prime Minister Cameron and Premier Wen witnessed the following deals at an official signing ceremony, which took place at the Foreign and Commonwealth Office today.

• ARUP signed a Memorandum of Understanding on Railway Co-operation with China Railway Engineering Corp (CREC). Chairman of Arup’s Group Board, Philip Dilley said: “This agreement forms the basis of a very powerful strategic partnership between Arup and CREC as we target future growth in fast-growing markets around the world”.

• BG Group and Bank of China today have signed a key co-operation agreement that enhances the existing close working relationship between the organisations and also allows for up to $1.5 billion of new funding options to support the Group’s major growth programme.

• BRE and Vanke signed a Memorandum of Understanding on research and development, following the signing of a contract on the development of Innovation Park Beijing. Dr Peter Bonfield CEO of BRE said: “This represents a huge opportunity for UK companies to showcase their services and products in the world's largest growth economy where millions of new homes are required in the coming decades. This collaboration has come about due to the efforts and commitment of the UK Coalition Government, the Chinese Government and its Embassies along with UK Trade & Investment.”

• China-Britain Business Council (CBBC) have signed an agreement with Beijing International Brand Management Centre which will enable them to launch a new China-UK Creative Office to promote UK design in China. CBBC Chairman Sir David Brewer said: “2011 is the first year China officially listed the Cultural and Creative Industries as a pillar industry. This is exciting news for the UK as we have internationally acclaimed excellence in every aspect of the design sector.”. Stephen Phillips, CBBC CEO said: “This is an exciting initiative with great potential. We look forward to working with our partners to develop a model that will potentially help hundreds of UK businesses in China.’’

• Seamwell International and China Energy Conservation and Environmental Protection Group (CECEP) announced a deal to roll out UCG (Underground Coal Gasification) projects in China. Sir Richard Needham, Chairman of Seamwell said: “We are thrilled to be taking this ground breaking, low carbon, clean coal technology to China and be the first in the world to build a commercial underground coal gasification power plant of this size”.

• Surrey Satellites Technology Ltd (SSTL) has signed a contract for the provision of satellite services to the Chinese company The Twenty First Century Aerospace Technology Co. Ltd. (21AT) and Beijing Landview Mapping Information Technology (BLMI).

• Weatherly International Plc and East China Mineral Exploration and Development Bureau will sign a deal about their Joint Venture development of a Lead Zinc mine in Namibia.

In addition, the two leaders witnessed the signing of a number of significant Government-to-Government agreements which will improve the business environment for both UK and Chinese companies. These include:

Agreement between UK Government and the People’s Republic of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income and on capital gains.

A comprehensive Double Taxation Agreement between the UK and the People’s Republic of China was signed by the Foreign Secretary William Hague and the Chinese Minister for Foreign Affairs Yang Jiechi. This new treaty represents an important development in the modernisation of the UK’s tax treaty network and another step forward in UK-China relations, as it will encourage greater flows of cross border trade and investment.

Memorandum of Understanding between the Department for Business, Innovation and Skills, UK Trade & Investment (UKTI) and China-Britain Business Council (CBBC) and the Ministry of Commerce of the People’s Republic of China on strengthening trade and investment cooperation in Chinese regional cities.

The Foreign Secretary William Hague, Chinese Minister of Commerce Chen Deming, and the CBBC Chairman, Sir David Brewer, signed this agreement which underpins the UKTI strategy to encourage innovative and high growth UK companies to explore opportunities for trade and investment in dynamic emerging markets like China. In particular, China’s regional cities offer a wealth of opportunities for UK businesses, as we encourage UK firms to look to fast growing cities beyond well established centres such as Shanghai and Beijing.

CBBC are launching a new regional cities report – sponsored by UK Trade and Investment - during the Summit, which will highlight growing opportunities for UK companies across Chinese regional cities.

Memorandum of Understanding on Cooperation on Investment Promotion between UKTI and Ministry of Commerce of the People’s Republic of China.

This agreement underpins the new UKTI strategy to encourage more innovative and high growth FDI to the UK, and to support Chinese investment into priority asset classes, such as infrastructure. The National Infrastructure Plan identifies an investment requirement of around £200 billion in critical UK infrastructure networks over the next five years. Securing Chinese investment is essential to maintain the UK's global competitiveness and secure growth and job creation. This agreement will create regular Government-to-Government meetings to drive forward this agenda.

Memorandum of Understanding between UKTI and the Ministry of Commerce of the People’s Republic of China on cooperation in Trade in Services.

The Foreign Secretary and the Chinese Minister of Commerce Chen Deming signed an agreement on Trade in Services. This underpins UK Trade and Investment’s strategy to encourage more innovative, high growth UK companies to explore opportunities for trade and investment in dynamic emerging markets like China. China’s service sector has been expanding rapidly over the last decade, and this is one area where the UK has a world class reputation. Exports of UK services to China have been growing at an average of 17-18% over the last 10 years. This agreement will facilitate further opportunities for UK companies.

A number of other deals were also announced today during the Summit:

• Benoy announced four new contracts for infrastructure projects worth over £10 million for the company.

• Brucker Daltronics has won a contract to supply three mobile air pollution systems and associated equipment to the Chinese Ministry for Environmental Protection. Mr Sebastian Meyer-Plath, Director of Brucker Daltronics said: “Bruker Daltonics has won a contract to supply three mobile air pollution systems (designed for detection and immediate identification of toxic industrial chemicals in the air) and associated equipment to the Chinese Ministry for Environmental Protection. These systems are in the process of being exported. A further 40 systems are due to be contracted shortly. Together these orders are worth more than €10 million. The goods are being exported - and supported - from the company's facility in Coventry.”

• Diageo has announced Chinese approval of its application to increase its investment in Quanxing Group, a Chinese white spirits company, based in Sichuan Province. Paul Walsh, Chief Executive of Diageo plc, commented: ‘We are delighted that Diageo's application to increase its investment in Quanxing has been approved by the Chinese authorities. We look forward to working with our Chinese partners to further develop the ShuiJingFang brand both domestically and overseas. We are privileged to have the unique opportunity to participate at scale in super premium Chinese white spirits, one of the largest, fastest growing spirits segments in the world. I appreciate the confidence shown in Diageo by the Chinese authorities in granting us this opportunity, and I am also grateful to Her Majesty's Government for their strong support for our company as we have pursued this chance to grow our business in China.”

• Henley Business School, University of Reading has agreed to deliver an education programme for senior management at Aviation Industry Corporation of China (AVIC) Professor John Board, Dean of the Business School said: “We are delighted to note the strategic learning partnership between Henley Business School and the Aviation Industry Corporation of China.”

• Mott McDonald announced its contract with Hong Kong Zhuhai Macau Bridge Authority.

• NVC Manufacturing Ltd has made a significant inward investment into the UK, and recently expanded its operations into a Green Field site, with the aim of further promoting the NVC lighting brand into the UK.

• Nottingham University announced an agreement with AVIC subsidiary, Commercial Aircraft Engine Co, Ltd (ACAE) to set up a new research and development centre at the University of Nottingham to work collaboratively on improving the fuel efficiency and environmental performance of aircraft to reduce carbon emissions. Professor Chris Rudd, The University of Nottingham’s Pro-Vice-Chancellor for Knowledge Transfer and Business Engagement, said: “Aerospace is a truly global industry with most passenger growth developing in the Asia Pacific region. This agreement demonstrates the attention given to Aerospace as a high-priority area of research at The University of Nottingham. The UK has the world’s second largest aerospace industry (after the US). It is key to the prosperity of the UK and a major source of high quality manufacturing and engineering jobs, so continuing to play a role in the aerospace sector globally is important. This investment by AVIC recognises the excellence of UK R&D in aerospace, and Nottingham’s world-class reputation.”

• Nottingham University announced a Memorandum of Understanding with New Hope Group, which will strengthen ties to the two organisations in the agri-food sector, leading to the establishment of partnership agreements for knowledge transfer, collaborative research, training and education. With annual sales of around $6.5 billion, New Hope Group is the leading agribusiness operator in China, with more than 380 subsidiaries and over 60,000 employees, as well as overseas operation.

• A package of agriculture announcements on the export of pig meat to China, re-opening of poultry genetics market and a major contract for JSR Genetics to supply breeding pigs. Following successful discussions between both governments, five plants have been given the green light to export pork products to China, representing a potential £25 million-a-year boost to the UK industry. UK pig breeders continue to benefit from the UK-China Swine Protocol signed by Dr Cable last autumn, with JSR genetics signing a £1 million+ deal to supply breeding pigs to China. An agreement that poultry exports can restart sees the resumption of trade, worth around £10million a year, which will help to safeguard UK jobs and livelihoods.

• Priestmangoode announced that they are opening their first international office this summer in Qingdao. Priestmangoode CEO Paul Priestman said: “We are opening our first overseas office in China this summer, in Qingdao. We have been working out there for a few years already as part of a long term contract with Sifang Locomotive. China is a huge market for growth, particularly in the travel and mass transportation sectors where we do a lot of our work. We felt that it was important to have a presence on the ground. Our experience of working in China has shown that cultural understanding is hugely important: working locally will enable us to better service clients, contribute to the creative economy as well as strengthen the international nature of our company."

• The Science and Technology Facilities Council (STFC) and the China Guanghua Science & Technology Foundation announced a Memorandum of Understanding that will enable them to promote the development and exploitation of science & technology. Professor Keith Mason, STFC Chief Executive said: “This agreement further enhances the UK Research Councils ever growing relationship with China. This MOU reinforces the commitment of both parties to developing a long term, mutually beneficial relationship. STFC looks forward to working with the Guanghua Foundation.” Minister for Universities and Science David Willetts said: “Working with China, which is growing in global importance daily, is hugely important for the future of the UK economy. We have world leading science, innovation and research in the UK and our relationship with China is vital to help us achieve our shared goals - economic growth, job creation and prosperity and growing successful companies."

• Unilever celebrated its commitment to significantly increasing its industrial footprint within China in an agreement with the Tianjin Airport Economic Authority. Unilever CEO Mr. Paul Polman said: "Unilever is hugely excited about this new €100 million investment plan in Tianjin, which is another symbol of our long-term commitment to China. The factory, a multi-category site for both Chinese domestic and overseas markets, will boast the most advanced environmental sustainability technology in Unilever, making it a role model for green manufacturing in Unilever globally."

• University College London and Tianguan Group have signed a Memorandum of Understanding on the development of a biogas research facility near Nanyang. Professor Michael Worton, Vice-Provost of UCL said: “We are excited by the opportunity to link our world-leading research with a major bioenergy company in China in an innovative approach to collaborative working to help change the direction of energy technology.”

Prime Minister Cameron also announced that the Minister for Trade and Investment, Lord Stephen Green, will lead a formal dialogue between UK Trade & Investment and China's National Development & Reform Commission (NDRC) as part of a UK-NDRC Ministerial Exchange on Economic Growth & Cooperation. The NDRC is responsible for developing and implementing China's Five-Year Plan as well as much business regulation, including that related to inward investment. This new dialogue is intended to improve trading links and to increase bilateral trade. It will be held alongside the existing high-level UK-China Economic & Financial Dialogue, which is expected to take place in London in autumn 2011.

Today's deals and announcements signal that many UK companies of all sizes are already succeeding in China. In order to showcase existing opportunities for small and medium-sized firms, UK Trade and Investment also announced today that a competition will shortly be launched to generate case studies of UK SME successes, in China and across Asia, as part of its Asia Taskforce campaign.