SEOUL, South Korea (AP) — China and South Korea on Thursday agreed measures that will expand the use of China’s tightly controlled currency and boost trade as Xi Jinping made his first presidential visit to the Korean Peninsula.

Expectations were high that Xi’s summit with South Korea’s president Park Geun-hye would expand an economic and business relationship that has flourished in the past decade. Xi was accompanied by 250 business executives including luminaries such as Jack Ma, founder of the Alibaba e-commerce empire, and Robin Li, chairman of search engine Baidu. The Korea Chamber of Commerce said it was the biggest ever foreign business delegation to South Korea.

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