British Steel: Takeover by Chinese firm completed

Jingye Group said that the move would save more than 3,000 jobs in Scunthorpe and Teesside and it would modernise the towns’ steelworks. The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year. Unions have said that although the deal “must be celebrated”, about 450 workers still face losing their jobs. British … https://bbc.in/2QvBx6J

Trump Effort to Keep U.S. Tech Out of China Alarms American Firms

The administration wants to protect national security by restricting the flow of technology to China. But technology companies worry it could undermine them instead. A Trump administration proposal would allow Commerce Secretary Wilbur Ross to block certain transactions involving technology tied to a “foreign adversary.” The Trump administration’s push to prevent China from dominating the market … https://nyti.ms/38BzJAa

How British private schools are dealing with China’s “crackdown”

In the early 2000s, British private schools began setting up shop in China, eager to leverage their reputation for excellence in exchange for the opportunity to add to their bottom line by educating the children of one of the world’s fastest-growing and most affluent middle classes. In China, British independent schools—private schools with sister campuses in the UK—operate under two different … http://bit.ly/2vCRFfk

The road – China is making substantial investment in ports and pipelines worldwide

Many are worried they could be used for military or other strategic purposes. No chinese reference to the maritime Silk Road is complete without mention of the voyages of Zheng He. The eunuch admiral, a Muslim at the Ming court, led seven voyages in the early 15th century in a fleet of vast sailing barges known as “treasure ships”. The official narrative is that he went abroad to spread peace, … https://econ.st/37klGO5

Britain considers bringing China on board with HS2

In the past decade China has built 25,000km of high-speed railway, more than all the fast train lines in the rest of the world. Now it has its sights on helping to deliver HS2, the UK’s over budget and long delayed high speed rail line, which earlier this month received the go-ahead for the first phase of construction. Last week it emerged that China Railway Construction Corporation (CRCC) had … https://on.ft.com/329pwIT