News Snapshot:
Severing business ties with China risks weighing on UK economy, says CBI boss Severing ties with Chinese business risks weighing on the UK’s cost of living crisis, the boss of the Confederation of British Industry (CBI) has cautioned today. Worsening relations between Beijing and the West has piled scrutiny onto Chinese businesses and investments, including the move in 2020 to remove Shenzhen-based Huawei from UK 5G infrastructure, and this year’s move to trawl a part-Chinese takeover of a British semiconductor firm through a rigorous inquiry. Thousands of British businesses, through their own accord and via government intervention, have been cutting...
