Foreign Investment in UK: China

(asked on 9th November 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what assessment she has made of the implications of liquidity shortages in the Chinese economy for UK (a) businesses and (b) infrastructure projects that are heavily reliant on Chinese inward investment.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 18th November 2021

The Department for International Trade, alongside other government departments, closely monitors trends and events in the Chinese economy and maintains close contact with British companies with trade and investment interests in China, supporting them as necessary. The United Kingdom’s financial regulators have ensured the financial system is resilient. It is for British companies to assess what changes in China’s economic conditions, and Chinese policy changes, mean for them.

UK Export Finance (UKEF) actively monitors its portfolio. As of 31 October 2021, UKEF’s exposure in China was around £200m, mainly related to supporting exports in the airline sector. UKEF has not had any issues around unpaid debts or defaults with its exposure in China.

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