Chinese carmaker Chery is to open a research and development headquarters in Liverpool, in a move that could pave the way for a deal for the British manufacturer Jaguar Land Rover to build its cars. State-owned Chery’s commercial vehicle arm will base the headquarters for its European operations on Merseyside, including research, engineering, and commercial functions. Chery has already made a mark in the UK car market through its Omoda and Jaecoo brands, and it is launching its eponymous brand with an advertising campaign featuring former England footballer Peter Crouch.…
Tag: Business
AstraZeneca to invest £11bn in China after rowing back on UK expansion
Britain’s biggest drugmaker AstraZeneca is to invest $15bn (£11bn) in China, it announced during Keir Starmer’s visit to the country, just months after cooling on plans for expansion in the UK. The Cambridge-based company said it would spend the money by 2030 to expand medicines manufacturing and research and development in China, where it already has a big presence. It includes the construction of a $2.5bn research hub in Beijing, which was announced last March. During the first visit by a British prime minister to China in eight years, Starmer…
What agreements have been made during Starmer’s trip to China?
Keir Starmer will be pleased that he has secured several agreements to mark his visit to Beijing and by the warm tone of President Xi Jinping’s remarks about his government. However, No 10’s announcements do not put a figure on the value of the deals, and there does not appear to be a big bundle of investments worth billions by Chinese or British firms, which prime ministers have usually tended to hold up as a sign of success. These are the agreements secured by the UK so far. Visa-free travel…
Chinese state media views Starmer’s visit as act of economic pragmatism
Keir Starmer’s visit to Beijing has been cautiously welcomed by Chinese state media as an act of economic pragmatism by a beleaguered British prime minister. The presence of 50 business and cultural leaders with Starmer, who is the first British prime minister to visit China in eight years, was taken as a sign that the UK was prioritising its ailing economy over political considerations. The reported refusal of Starmer to confirm that he would be seen to pressure President Xi Jinping over his relationship with his Russian counterpart, Vladimir Putin,…
What happened when Starmer met Xi Jinping? – podcast
Keir Starmer held talks with the Chinese leader Xi Jinping this week and proclaimed Britain should have a more ‘sophisticated’ relationship with China. Pippa Crerar, who was with the prime minister on the trip, tells Kiran Stacey what all this means The Guardian
UK probably needs large new factory to meet target of 1.3m cars a year, say industry boss
A target of building 1.3m cars a year is likely to be missed unless a large new UK factory is built in the coming years, an industry group has said, as Keir Starmer prepares to hold trade talks in China. Labour aims to have 1.3m vehicles rolling off production lines by 2035, a central ambition of its industrial strategy. That would nearly double the 764,715 cars and vans made in 2025, according to new data from the Society of Motor Manufacturers and Traders (SMMT). UK vehicle production slumped 15.5% in…
Starmer’s fraught visit to China will tell us what he really thinks of the UK’s place in the world | Peter Frankopan
This week, Keir Starmer will reportedly visit China. This will be the first trip of this kind by a British prime minister since Theresa May’s three-day visit to Beijing in 2018. Since then, relations between London and Beijing have become increasingly fraught, caught between growing security concerns and deep economic interdependence. Allegations of espionage and influence operations have sharpened political and public suspicion in the UK, even as deep trade links and supply chains on which the country depends make disengagement unrealistic. As fierce debate about the recent approval for…
Canada has no intention of pursuing free trade with China, says Carney
Canada’s prime minister, Mark Carney, said on Sunday his country had no intention of pursuing a free trade deal with China, responding to Donald Trump’s threat to impose a 100% tariff on goods imported from Canada if the US’s northern neighbour went ahead with a trade deal with Beijing. Carney said his recent agreement with China merely cut tariffs on a few sectors that were recently hit with them. The prime minister said that, under the free trade agreement with the US and Mexico, there were commitments not to pursue…
Keir Starmer to visit China with British business leaders next week, say reports
Keir Starmer will reportedly visit China next week after controversial plans for Beijing to build a vast embassy in London were approved by his government. The UK prime minster will lead a delegation of blue-chip British companies, according to Reuters. The same firms, which include BP, HSBC, Intercontinental Hotels Group, Jaguar Land Rover and Rolls-Royce were also said to be among those who will join a revamped “UK-China CEO council”. There was no comment from Downing Street early on Wednesday. However, Jonathan Powell, the national security adviser, went to Beijing…
China’s population falls again as birthrate hits record low
China’s population fell for a fourth consecutive year in 2025 as the birthrate plunged to another record low, according to official data, prompting warnings from experts of further decline. The population dropped by 3.39 million to 1.405 billion, a faster fall than 2024. Births dropped to 7.92 million in 2025, down 17% from 9.54 million in 2024, while deaths rose to 11.31 million from 10.93 million in 2024, figures from China’s National Bureau of Statistics (NBS) showed. The country’s birthrate fell to 5.63 for every 1,000 people. Yi Fuxian, a…