Southern Europe may have been the bazaar for Chinese investors seeking cheap deals in the west since the start of the debt crisis, but the UK has emerged as the continent’s prime destination for Chinese cash.
Chinese have invested twice as much into the UK since the start of 2012 as they have done over the past seven years – and, by some estimates, even more than the total from the previous three decades.
Chinese companies own stakes in Heathrow and Manchester airports, cereal-maker Weetabix, and in North Sea oil. They are also likely to invest in the Hinkley Point C nuclear power plant, which is expected to provide 7 per cent of the UK’s electricity once it is completed in 2023.
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