UK cannot afford to give ‘cold shoulder’ to China, says City minister

Financial sector, Banking, China, Business, Economics, UK news, Asia Pacific, World news, Joe Biden, Biden administration, US news, London Stock Exchange Business | The Guardian

​Bim Afolami’s comments distance British government from protectionist moves by USThe UK cannot afford to give the “cold shoulder” to China, the City minister said on Monday, in comments that will distance the British government from the Biden administration’s protectionist crackdown.Addressing financial services bosses at the City Week conference in London’s Guildhall, Bim Afolami said it was “crucial” to engage with strategic competitors such as Beijing, and that the UK risked losing control of its economic future if it failed to find common ground. Continue reading… 

Bim Afolami’s comments distance British government from protectionist moves by US

The UK cannot afford to give the “cold shoulder” to China, the City minister said on Monday, in comments that will distance the British government from the Biden administration’s protectionist crackdown.

Addressing financial services bosses at the City Week conference in London’s Guildhall, Bim Afolami said it was “crucial” to engage with strategic competitors such as Beijing, and that the UK risked losing control of its economic future if it failed to find common ground.

Continue reading… 

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