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George Osborne looks to attract more Chinese investment

10-14-2013 00:29 BJT

Britain’s finance minister, George Osborne, is in China, on a week long visit aimed at attracting more Chinese investment into the UK. Speaking about a 1.27-billion-US dollar joint venture to develop land around Manchester Airport, Osborne hailed the project as an example of the British Government’s "constructive approach" towards China’s economic rise.

"It’s impressive because it’s an 800 million pound joint venture between the Beijing Construction and Engineering Group and Carillion, and I think by the way this is the first investment by Beijing Construction in the UK and it is incredibly welcome. For we see China’s remarkable economic success story, not as a threat, but a huge opportunity for our country. It’s going to lead to the regeneration of 150 acres, help support 16-thousand jobs and is one of the largest development projects in the UK since the Olympic games," George Osborne said.



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