Economy

China-UK economic, trade cooperation should not be subjected to attacks through over-politicization: FM on UK’s rejection of Chinese firm’s proposed investment

Asia/Europe / China/United Kingdom1 views1 min
China-UK economic, trade cooperation should not be subjected to attacks through over-politicization: FM on UK’s rejection of Chinese firm’s proposed investment

China's Foreign Ministry has urged the UK to provide a fair business environment after the UK rejected a Chinese firm's proposed investment in wind turbines, citing national security risks. The move is seen as a setback for China-UK economic cooperation, with experts warning it could hinder the UK's green energy transition.

A Chinese Foreign Ministry spokesperson has called on the UK to provide a fair and non-discriminatory business environment. The UK government has banned a Chinese company's plan to enter the UK wind turbine market, citing national security risks. The company, Ming Yang, had planned to invest £1.5 billion in a manufacturing base in Scotland. The move has been criticized by experts, who warn it could hinder the UK's green energy transition and increase costs. The Chinese Chamber of Commerce to the EU has also expressed concern over the restriction. The UK's decision comes after British Prime Minister Keir Starmer visited China, signing cooperation documents on economy, trade, and education.

This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.

Comments (0)

Log in to comment.

Loading...