DUBAI - Egypt and China signed a debt swapping memorandum of understanding (MoU) for developmental projects, the Egyptian cabinet said in a statement on Thursday.

Egyptian Prime Minister Mostafa Madbouly is on an official visit to Beijing where he met with China's President Xi Jinping, state broadcaster China Central Television (CCTV) said.

(Reporting by Momen Saeed Attallah, Writing by Nayera Abdallah, Editing by Andrew Cawthorne)