China, Spain sign business deals worth $4.0 billion

SHANGHAI/BEIJING, Sept 25 (Reuters): China and Spain signed business deals worth about 3.2 billion euros ($4 billion) on Thursday during a visit by Spanish Prime Minister Mariano Rajoy to the Asian powerhouse to drum up support for his country's economy. At a ceremony in Beijing's Great Hall of the People, Chinese and Spanish companies signed 14 deals in industries ranging from telecommunications to nuclear power to finance.
Rajoy, who will meet Chinese President Xi Jinping on Friday, is the latest European leader to visit China to lure investment from the world's second-biggest economy.
He was welcomed to the capital by Premier Li Keqiang late on Thursday following a morning gathering of Chinese and Spanish business executives in Shanghai, where Rajoy called for Chinese investment in Spain, saying the Spanish economy was back on track after its problems during the euro zone debt crisis.
"Few countries offer such a good investment opportunity as Spain with its open and competitive market," Rajoy said in Spanish, adding that the food and consumer industries were areas where the companies of both countries could increase cooperation.