Rachel Reeves, the UK Chancellor, has dismissed suggestions of economically disengaging from China, asserting the necessity of engagement with the world's second-largest economy. This position comes amid anticipated US pressure on the UK regarding trade deals with Beijing. Reeves emphasized that it would be unwise for Britain to lessen its ties with China. Simultaneously, the UK government is scrutinizing Chinese investments in key sectors like steel while exploring collaboration with companies like Shein, a firm criticized for labor issues yet valued for its business potential.
Reeves stated, "Well, China is the second biggest economy in the world, and it would be, I think, very foolish to not engage. That's the approach of this government."
In response to MPs’ criticisms, business secretary Jonathan Reynolds affirmed, "Companies would be looked at in a different way to those from other countries in regard to the steel industry, but refused to rule out Chinese investment in other sectors."
Collection
[
|
...
]