UK prime minister Rishi Sunak is considering following Washington’s lead by imposing new restrictions on domestic companies making investments into critical industries in China.
US president Joe Biden has been drawing up a plan to limit investments in key parts of the Chinese economy by American companies that is yet to be announced.
“I think the US is still formulating their thinking on that space, they haven’t published [yet] . . . but we are engaged in a dialogue with them. We are also doing policy thinking on that particular area,” Sunak told journalists on Wednesday on the plane to Japan for the G7 summit of global leaders.
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