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Hinkley Point nuclear agreement reached


10-22-2015 10:30 BJT

Full coverage: President Xi Visits UK

Chinese President Xi Jinping and British Prime Minister David Cameron witnessed the signing of an agreement to build a British nuclear power plant at Hinkley Point in southwestern England. Cameron described the deal as "historic" as the project would provide reliable, affordable energy to nearly 6 million homes and create more than 25,000 jobs.

This State Visit was reaching its highpoint. From both leaders came final word on Britain's first nuclear power station in two decades.

With that strength of political power behind it, work on the Hinkley Power Station is expected to get underway within weeks. The twin reactor plant could employ 5,600 people at the peak of its decade long construction, coming on line within 10 years.

Although the deal agreed by the President and Prime Minister, it was one among many. But according to the two leaders, this State Visit isn't all about money.

From here the President headed to the City of London, Britain's financial center for a keynote speech. The audience made up largely of financiers and bankers keen to know how the President envisages the city of London working more closely with China on the internationalization of the Chinese currency, the renminbi.



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