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BVI signs deal with China to help boost economy
British Virgin Islands signs deal with China to help boost economy
Associated Press
2014-01-12 03:01 AM

TORTOLA, British Virgin Islands (AP) -- The British Virgin Islands has signed an agreement with a city in southern China to help boost the island's tourism and economy.

The government says it expects the city of Shenzhen to help develop other sectors, including financial services, culture and sports.

Visiting Chinese officials said the British Virgin Islands is a key source of foreign capital for their country. They signed the agreement late Friday.

The British territory of some 30,000 people is among the world's top offshore trust jurisdictions and the nominal home to more than 500,000 companies.

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