Forwarded from 📡Guardians of Hong Kong
Biden says he suggested to UK's Johnson a plan to rival China's Belt and Road
U.S. President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt and Road initiative.
“I suggested we should have, essentially, a similar initiative, pulling from the democratic states, helping those communities around the world that, in fact, need help,” Biden told reporters.
China’s Belt and Road Initiative (BRI) is a multi-trillion-dollar infrastructure scheme launched in 2013 by President Xi Jinping involving development and investment initiatives that would stretch from East Asia to Europe.
Source: Reuters #Mar27
https://www.reuters.com/article/us-usa-britain-biden-china-idUSKBN2BI32M
#Biden #UK #Johnson #China #BeltRoad
U.S. President Joe Biden said he suggested to British Prime Minister Boris Johnson in a phone call on Friday that democratic countries should have an infrastructure plan to rival China’s Belt and Road initiative.
“I suggested we should have, essentially, a similar initiative, pulling from the democratic states, helping those communities around the world that, in fact, need help,” Biden told reporters.
China’s Belt and Road Initiative (BRI) is a multi-trillion-dollar infrastructure scheme launched in 2013 by President Xi Jinping involving development and investment initiatives that would stretch from East Asia to Europe.
Source: Reuters #Mar27
https://www.reuters.com/article/us-usa-britain-biden-china-idUSKBN2BI32M
#Biden #UK #Johnson #China #BeltRoad
Forwarded from 📡Guardians of Hong Kong
Johnson may block Chinese takeover of UK’s largest computer chip maker
Boris Johnson may block a Chinese-owned company from purchasing the UK’s largest producer of semiconductors, a senior government adviser has suggested, as they warned Beijing was on the brink of initiating a new “cold war”.
Tony Abbott, the former prime minister of Australia recruited by Johnson to advise on post-Brexit trade, said he was heartened by a review being launched into the takeover of Welsh microchip manufacturer Newport Wafer Fab by Nexperia and suggested it meant the process could be paused.
Johnson had asked his national security adviser, Sir Stephen Lovegrove, to look into the sale after previously being accused of acquiescing to the deal by not scrutinising it more closely, particularly given the semiconductor industry’s geopolitical prominence.
Source: The Guardian #Jul27
https://www.theguardian.com/business/2021/jul/27/chinese-takeover-of-uks-largest-computer-chip-maker-may-be-blocked
#Johnson #UK #Chip #ColdWar
Boris Johnson may block a Chinese-owned company from purchasing the UK’s largest producer of semiconductors, a senior government adviser has suggested, as they warned Beijing was on the brink of initiating a new “cold war”.
Tony Abbott, the former prime minister of Australia recruited by Johnson to advise on post-Brexit trade, said he was heartened by a review being launched into the takeover of Welsh microchip manufacturer Newport Wafer Fab by Nexperia and suggested it meant the process could be paused.
Johnson had asked his national security adviser, Sir Stephen Lovegrove, to look into the sale after previously being accused of acquiescing to the deal by not scrutinising it more closely, particularly given the semiconductor industry’s geopolitical prominence.
Source: The Guardian #Jul27
https://www.theguardian.com/business/2021/jul/27/chinese-takeover-of-uks-largest-computer-chip-maker-may-be-blocked
#Johnson #UK #Chip #ColdWar