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China and the United Kingdom are sealing business deals worth up to 9 billion pounds (.75 billion or 80.7 billion yuan) during British Prime Minister Theresa May's visit, the Ministry of Commerce said on Thursday.

China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce and Animal By-Products (CCCFNA) has organized this event in cooperation with US Soybean Export Council. CCCFNA President Bian Zhenhu is confident of Sino-US cooperation in agricultural products.

China Co-op Group has signed a contract with global logistics solutions provider GLP in starting a fund management company and a logistics management company to render better agricultural services. The cooperation aimed to combine the more than 4,000 warehouses and logistics parks owned by China's supply and marketing cooperatives and GLP's technology and expertise to spur high-quality development of the industry, said Hou Shunli, chairman of China Co-op Group. Ming Z. Mei, co-founder and CEO of GLP, expressed hopes of establishing a long-term partnership with China Co-op Group.

China Cinda Asset Management Co Ltd, one of the "big four" State-owned asset managers, has played an active part in the mitigation of credit risks of large private companies with the aim of maintaining regional financial and social stability, as Chinese leaders called for solid efforts to win a tough battle against financial risks.

China State Railway Group said it had faced labor shortages, an insufficient supply of raw materials and logistics problems due to the pandemic, but had overcome the difficulties and resumed construction of all railway projects.