UK trade minister tempts Chinese investors with falling pound


The UK is using the tumbling value of the pound to tell Chinese investors there are bargains to be had in post-Brexit Britain. “There has never been a better time to invest in the UK,” said Lord Price in Beijing on Thursday, the day after the pound touched a 31-year low against the dollar.

“Sterling has depreciated, assets are very well priced,” said the minister who also took time to reassure key existing investors such as Huawei, the telecoms equipment maker, and China General Nuclear, the energy group. Lord Price was speaking ahead of Saturday’s G20 trade ministers’ meeting in Shanghai, where he joined EU counterparts at their first big meeting since Britain decided to leave the trading bloc

 

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