China International Import Expo (CIIE) saw the U.K. delegation, led by Dr Liam Fox, secure more than £2 billion of commercial deals across a range of sectors including creative industries, healthcare, education, energy, mining and aviation.

The deals include a £30 million partnership between Clipper Media Capital and Arca Pictures on film co-production, a deal between TPP and Shanghai Kunfu Bio Technology to roll-out an AI-led health management app in Shanghai, and a deal signed by Rolls Royce worth more than £850 million.

In addition to the commercial deals that will have immediate benefits for the U.K. economy, CIIE saw China take some significant steps towards the further opening of its economy.

International Trade Secretary Dr. Liam Fox MP said: “The Shanghai Expo was a major success for U.K. firms with more than £2 billion of deals signed by businesses of all sizes – from SME’s in the creative industries to global powerhouses like Rolls Royce. China demonstrated a real desire for British goods and collaboration with British firms and the U.K. delegation took full advantage.”

Baroness Fairhead, minister for trade and export promotion, said: “There is real and significant demand in China for British products and services. Indeed, recent research from Barclays shows that Chinese consumers are willing to pay more for goods made in the U.K. because of their trusted quality.”

Trade between the U.K. and China was worth nearly £70 billion last year, up 15 percent on the year before.

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