This will not be news to those of you who are avid readers of China’s People’s Daily. However, an article in that paper on 4th January spelt out baldly what I have been saying for some time: Chinese interests are steadily buying up a controlling stake in Britain’s critical national infrastructure.
The article says:
“China’s investment in the United Kingdom will continue its “explosive” growth, with high-end manufacturing and infrastructure leading the way, a senior diplomat predicted.
“The UK is the most open economy, and also the most market-oriented,” in Europe, said Zhou Xiaoming, minister counselor of the Chinese embassy in the UK.
Chinese companies have been answering the call from some members of the European Union for capital.
In 2011, the UK was the third-largest EU destination for Chinese investment, following Luxembourg and France, according to the Ministry of Commerce.
China’s overseas direct investment in the UK in 2011 was $2.5 billion, it said.
But Zhou said the real figure was far more as Chinese overall investment in the UK experienced “explosive” growth.
“It is estimated that the Chinese capital that flew into the country in 2011 reached $6.5 billion,” said Zhou.”
Am I alone in thinking that any sensible nation state should be concerned that control over its critical infrastructure is steadily being bought up by another country?
There is no debate about it and the Government seems at best to be complacently ignoring it or more sinisterly tacitly encouraging the sell off.