Arsenal and Manchester City are set to stage a money-spinning friendly in China.

The Barclays Premier League giants will meet in Beijing on July 27 as part of their respective lucrative world tours.

The sides will meet in the Olympic 'Bird's Nest' Stadium, with the Gunners travelling to China for the second consecutive year following last summer's tour.

Arsenal chief executive Ivan Gazidis said: "Further to our hugely successful visit to Hangzhou in 2011, everyone at Arsenal is extremely excited to once again be visiting China this year.

"We enjoy huge support in Asia and by playing a match in Beijing, we will once again be bringing the club close to our loyal fans in China.

"The players and staff had an amazing time in China last year and we are all looking forward to visiting this great country again in July.

"The match against Manchester City is sure to be an exciting spectacle, with many great players from both sides playing in front of thousands of supporters in the wonderful 'Bird's Nest' Stadium.

"It is also fitting that two English clubs are playing each other on the opening day of the London 2012 Olympics, in the stadium which hosted the Beijing 2008 Olympic Games."