UK Seeks Chinese Investment Amid Scrutiny of Foreign Deals
Investment Minister Dominic Johnson courts Chinese electric vehicle manufacturers, while the potential takeover of The Telegraph by an Abu Dhabi-backed fund undergoes review.
- UK's Investment Minister, Dominic Johnson, is actively seeking Chinese investment, particularly from electric vehicle manufacturers, to help meet environmental targets.
- Johnson's stance is in contrast with some Conservative Party lawmakers who have expressed concern over the UK's approach to China.
- Prime Minister Rishi Sunak has reiterated that the UK can work with China in some areas while protecting Britain's interests in sensitive areas.
- The UK is re-examining its National Security and Investment (NSI) Act that has disproportionately blocked Chinese-backed deals.
- The potential takeover of The Telegraph by an Abu Dhabi-backed investment fund is being scrutinized, with an announcement expected soon.