China Warns UK over 18 Billion Pound Nuclear Power Deal – FT

China has warned Britain that bilateral ties stand at a “crucial historical juncture” over London’s deferral of an 18 billion pound nuclear power project, the Financial Times reported on Monday.

China’s Ambassador to the UK Liu Xiaoming wrote in the FT that he hoped London would keep its door open to China and that the British government would continue to support the nuclear project and come to a decision as soon as possible.

Britain said last week it wanted closer ties with China, but resisted pressure from Beijing to sign off on a $24 billion nuclear power project that was delayed at the last minute by Prime Minister Theresa May.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.