Cameron prepares to resign from the UK-China investment fund

Buzz Staff 2021-05-03 Relations between the two governments have deteriorated over the past year after London criticised Beijing's security crackdown in Hong Kong and its treatment of the Uyghur minority in Xinjiang province. The UK also decided that Chinese telecoms equipment maker Huawei should not be a supplier for Britain's 5G mobile phone networks. But potential investors, including major banks such as Standard Chartered and HSBC, were reluctant to commit to the fund plan, despite it having early support from the UK and Chinese governments. The UK-China investment fund proposal was an initiative of Peter Gummer, a Conservative peer, and…