Chinese giants Huawei to invest £1.3bn in UK over five years
11 September 2012 Last updated at 21:50 BST
Chinese telecoms and computer network giant Huawei Technologies is to invest £1.3bn in expanding its UK operations.
Prime Minister David Cameron said the investment demonstrated that the UK is "open for business".
The news comes as the Business Secretary Vince Cable set out his long-term vision of the economy, calling for closer links between government and business.
James Landale reports.