Former UK prime minister David Cameron is pushing ahead with a troubled scheme to raise a $1bn China investment fund despite a hardening of the British government’s stance against Beijing.
Named the UK-China Fund, the private sector initiative is intended to seek partnership opportunities between the two countries in technology, healthcare, energy and manufacturing.
When announced 30 months ago, it was billed as Mr Cameron’s most ambitious commercial undertaking since leaving office in July 2016 after losing the EU referendum.
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