At first glance, the numbers suggest that the UK’s China charm offensive is unnecessary: the country is already comfortably the top destination for Chinese capital in the region.
The UK has attracted $36.7bn of investment since 2005, according to Dealogic — more than twice the $17bn put into Italy, ranked number two. France and Switzerland, with $15.5bn and $14bn, are next in line.
But place China’s spend in a global context and what the UK government is looking for is perhaps clearer: what has gone before could be a mere drop in the ocean if China really turns on the taps.
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