British media had leaked that Reeves, the Chancellor of the Exchequer, planned to visit China at the start of the New Year. The plan is being closely watched, with two former ministers saying the UK should consider adopting Chinese electric vehicle or electric vehicle technology.
2024 at the 2024 British Auto Show at the Farnborough International Exhibition Centre on August 15,2010, BYD’s electric cars were on display. Visual China
A former Conservative Chancellor of the Exchequer has proposed Philip Hammond a new, pragmatic trade relationship as part of a broader effort to build a stronger trade relationship, the Guardian reported Sunday, china should be encouraged to develop electric vehicles and renewable energy technologies in the UK, to the benefit of both countries. “Chinese advances in electric vehicle technology and renewable energy technology actually offer us a way to achieve strategic goals such as electrification,” Hammond said, “Why don’t we encourage the Chinese to develop renewable energy technologies and electric cars in the UK, as the Japanese did in the 1980s?”
The Jim O’Neill, a former head of Goldman Sachs Asset Management and a former business secretary to the Treasury, has expressed a similar view that Chinese production of electric cars should be considered. “If we are really interested in developing trade relations to help us achieve stronger growth, then we have to balance the competing interests of security, defence and growth aspirations,” ONIL said, adding that, “We need to think: How can they really benefit more from our strengths, and how can we benefit from their strengths? Will the decision be made at the expense of non-economic interests? The production of electric cars in the UK is clearly an area that can be explored.”
As the British government prepares for the Chancellor of the Exchequer’s visit to China, the The Daily Telegraph reported on the 22nd that, the Lucy Powell Deputy Lieutenant Minister and leader of the Lower House of Parliament rejected calls by the shadow foreign secretary, Prittie Praful Patel, to label China a “Security threat”.
In an interview, MS Powell said she did not think it was right to designate China as a national “Security threat”. “We take all these national threats very seriously, but we also have international relations and trade relations, and we have to work with countries like China on the basis of national interests,” she said. That’s why we’ve been trying to rebuild our relationship with China, because it’s important to our country and the world.”