Sunak open to following US lead over curbs on Chinese investment
Financial Times
23-05-17 16:19
UK Prime Minister Rishi Sunak said he is considering following President Biden's lead and restricting domestic companies from investing in critical industries in China. Sunak said he was "engaged in a dialogue" with the US and that UK authorities are carrying out "policy thinking on that particular area". Biden has indicated he is considering issuing an executive order to create a screening mechanism for outbound US technology investment, making it harder for China to obtain cutting-edge technology. Sunak said that a joint action over tougher controls on western investments in China was a "work in progress and would not be agreed at the G7 summit".