China’s ownership of UK assets exposes Britain’s broken model
By George Eaton
July 13, 2020
Weak rules have allowed China to acquire significant stakes in British nuclear power, oil, steel, water, and transport. China has also become the largest operator in the North Sea through the China National Offshore Oil Corporation (CNOOC), which boasts on its website that it accounts for “more than 25 percent of the UK’s oil production, and 10 percent of the country’s energy needs”.