China-UK (Britain) Geopolitics and Economics: News & Discussions

[xizhimen]

China to the rescue of UK economy
Hasan Suroor
LONDON, January 22, 2012

In what is being hailed as a “great leap forward’’ in China’s growing economic presence in Britain, the China Investment Corporation (CIC) has bought a 8.68 per cent stake in Thames Water, Britain’s largest water and sewerage company serving about 14 million customers.

The deal is China’s first plunge into Britain’s cash-strapped utility sector amid an aggressive British campaign to woo Chinese investment, especially in the country’s creaking infrastructure. It has boosted expectations in other sectors such as wind farm energy and nuclear power plants to get a slice of the so-called “Peking Pound’’.

Britons are already driving cars made in Chinese-owned factories, consuming goods made in China and may soon be riding high-speed trains built with Chinese money and expertise while London is being touted as a major offshore centre of trade in China’s currency, the Yuan.

The deal, estimated to be worth up to £1 billion, followed a high-profile visit to China by Chancellor George Osborne last week to tap into China’s growing economic prowess and is being portrayed as a show of confidence in Britain’s recession-hit economy.

Mr Osborne, who met China's Vice-Premier Wang Qishan and the heads of CIC and the ICBC bank during his visit, described it as a “significant step by China’’.

“It is a vote of confidence in Britain as a place to invest and do business. This investment is good news for both the British and Chinese economies," he said.

The CIC, a sovereign wealth fund created to invest China’s massive foreign reserves abroad, indicated that it was keen to invest in infrastructure development in Britain. Its head Lou Jiwei described Britain as “one of the most open economies in the world’’.

http://www.thehindu.com/news/international/article2823174.ece

 

[livingdead]

China will invest money in UK infrastructure development even though it may not give high return.(but it is much less risky than other markets).
How will it exactly rescue UK economy? It is win win for both.

 

[Pakchina]

The mad cow UK is the most anti China among all EU countries given that it does not have an independent foreign and economic policies, all such policies are tallied with the US war criminlas. The mad cow UK is just the 51 state of the US and even California is more independent. Whatever the US war criminals do either militarily or economically, the mad cow UK will follow blindly even if it is against its own interest. The mad cow UK is the only EU country to oppose a lift in the current arms embargo on China given that it follows what the US war criminals say and dictate. If the US war criminals decide to attack China in view of not refunding the trillions it owes to China, the mad cow will also follow and it will even drag the EU with it. So why bail out those dirty, smell bad and lazy red Britons, even EU countries are pushing out those mad cow infected Britons out of the EU.

 

[joekrish]

Good to see China slowly slipping in to the shoes of an economic power.

 

[below_freezing]

The mad cow UK is the most anti China among all EU countries given that it does not have an independent foreign and economic policies, all such policies are tallied with the US war criminlas. The mad cow UK is just the 51 state of the US and even California is more independent. Whatever the US war criminals do either militarily or economically, the mad cow UK will follow blindly even if it is against its own interest. The mad cow UK is the only EU country to oppose a lift in the current arms embargo on China given that it follows what the US war criminals say and dictate. If the US war criminals decide to attack China in view of not refunding the trillions it owes to China, the mad cow will also follow and it will even drag the EU with it. So why bail out those dirty, smell bad and lazy red Britons, even EU countries are pushing out those mad cow infected Britons out of the EU.

It's also the biggest weak economy in Europe, heh.

 

[Oldman1]

It's also the biggest weak economy in Europe, heh.

Can't wait to see the EU collapsed thanks to Greece, Spain, etc. It will fall.

 

[Chinese-Dragon]

Can't wait to see the EU collapsed thanks to Greece, Spain, etc. It will fall.

No one will benefit from the economic collapse of the EU.

I hope they will divide up peacefully without collapsing the world economy along with them.

 

[IndoUS]

If the EU collapses then the whole world economy will be in deep trouble, considering that its mainly the western economies that are the major market for Asian goods. Rather than collapsing they should do what UK is doing rather than relying on one currency they should each have their own and still have a EU, the whole Euro crisis is even worsened by having the same currency so if one goes down it starts a domino effect.

 

[Aramsogo]

Thames Water is probably one of the most profitable utilities in the world. London is technically in a drought so they can charge one of the world's highest price for water. This is a good, low risk investment.

 

[ChineseTiger1986]

To promote our RMB, then we will be a bit more generous.

 

[below_freezing]

To promote our RMB, then we will be a bit more generous.

if london becomes an offshore RMB center, then yes, by all means, invest in Britain with RMB.

 

[CallsignAlzaeem]

Can't wait to see the EU collapsed thanks to Greece, Spain, etc. It will fall.

Look who's talking,An American,watch this.

 

[Oldman1]

Look who's talking,An American,watch this.

U.S. economy is more flexible and durable than Europe as a whole. Europe has no coordination and policies to handle the situation in Greece or any other countries of Europe. Already Germany and France don't want to help Greece again.

 

[888jamie888]

The mad cow UK is the most anti China among all EU countries given that it does not have an independent foreign and economic policies, all such policies are tallied with the US war criminlas. The mad cow UK is just the 51 state of the US and even California is more independent. Whatever the US war criminals do either militarily or economically, the mad cow UK will follow blindly even if it is against its own interest. The mad cow UK is the only EU country to oppose a lift in the current arms embargo on China given that it follows what the US war criminals say and dictate. If the US war criminals decide to attack China in view of not refunding the trillions it owes to China, the mad cow will also follow and it will even drag the EU with it. So why bail out those dirty, smell bad and lazy red Britons, even EU countries are pushing out those mad cow infected Britons out of the EU.

Fair play mate. Completely unbiased, clearly no chips on your shoulder.

---------- Post added at 01:18 AM ---------- Previous post was at 01:15 AM ----------

we dont need to help any western economy, let these imperialist dogs collapse and go back to living in the stone age like they were for hundreds of years before they became powerful.

they will use their new money to plunder other countries.

let europe collapse, let britain collapse, let america collapse.
let their economies crumble, let their military budgets shrink, let their middle class be wiped out.

only people that support these white imperialists are indians and hong kong people.
they love their colonial white masters.

Surely everyone was living in the stone age before the became powerful? No?
And such loving, heartfelt speech. Coming from a Russian???? Imperialism?imposing control on others?
lolololol

 

[NeutralCitizen]

It's true the UK isn't popular with the EU now Did Nicolas Sarkozy snub David Cameron's handshake? - YouTube

Also with the Scottish Independence looming we will have to see if the UK even survives.