Talk about a tale of two campaigns. China has been one of the dominant themes this week in the Tory leadership race. Both candidates knocked lumps out of each other in BBC’s Monday debate, with the Foreign Secretary suggesting she could even ban TikTok. But tonight, the issue has reared its head again twice within a few hours.
First, Rishi Sunak was left embarrassed by a leaked Treasury paper which suggested he was close to signing a deal with Beijing to ‘deepen trade links’ earlier this year. It boasted 47 pages of ‘policy outcomes’ for closer ties in 20 areas. They included inviting a huge Chinese sovereign wealth fund to open a London office and welcoming the listing of Chinese companies on the London Stock Exchange. Ultimately though, Sunak and the Treasury dropped the plan over national security concerns.
And now, Liz Truss’s camp has fired back with their own plan to deal with China.
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