(Yicai Global) Feb. 1 -- China and UK will sign deals valued at GBP9 billion (USD 12.8 billion) in the fields of the Belt and Road initiative, finance, agriculture and technology during Prime Minister Teresa May's visit to China, Gao Feng, spokesman of China's Ministry of Commerce of China (MOFCOM), stated at a press briefing today.

China and the UK will build a financial science and technology city in Xiongan New Area in China's east-central Hebei province and an innovation incubator center in Qingdao, in its eastern Shandong province, Gao said.

May, who is on a state visit to China from Jan. 31 to Feb. 2, is taking part in the two countries' first bilateral annual prime ministerial meeting.