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UK, China sign agreements, announce aircraft engine deal

The UK and China signed agreements on cooperation in education and finance, and announced a US$1.2 billion order for Rolls-Royce (RR.LSE) aircraft engines from China Eastern Airlines (CEA.NYSE, 600115.SH, 0670.HK), the Wall Street Journal reported. The agreements were made as British Prime Minister David Cameron met with Premier Wen Jiabao in Beijing. The UK and China agreed to deepen ties between British and Chinese educational institutions – potentially boosting the number of Chinese-language teachers in the UK – and to study the cross-listing of exchange-traded funds in each other’s markets. Under the announced aircraft engine deal, China Eastern will order Rolls-Royce’s Trent 700 engines for 16 Airbus A330 aircraft. UK officials said Cameron’s talks with Wen included discussions about human rights, although Cameron didn’t directly raise the issue of jailed Nobel Peace Price winner Liu Xiaobo.

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