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

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam