China's investment spree in UK gave it access to military-grade technology, BBC told
Summary
China has invested heavily in UK businesses, gaining access to some military-grade technology. This investment surge, valued at £45 billion, was encouraged by a Chinese government strategy to become a leader in high-tech industries. The BBC reports that China used these investments to transfer advanced technology and expertise back to China.Key Facts
- China invested £45 billion in UK businesses and projects.
- Investments were part of a strategy named "Made In China 2025" to lead in high-tech sectors.
- The UK was a preferred destination for Chinese investments among G7 countries.
- AidData, a research group from the US, provided exclusive data for the investigation.
- Some Chinese investments aligned with Beijing’s strategic objectives, beyond commercial interests.
- Imagination Technologies, a UK semiconductor design firm, was bought by a US fund with Chinese backing.
- The transaction allowed access to intellectual property that could be used for military technologies.
- The UK government reviewed the purchase, and the Chinese investor was initially said to be passive.
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