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British MPs have accused the Labour government of muddled and inconsistent policy towards China, warning that the lack of a long-term strategy threatens economic interests and national security, and holds up companies’ investment decisions. A 102-page report concluded that the government had failed to deliver on its 2024 pledge, citing its blocking of a £1.5 billion Chinese investment in a wind-power plant in Scotland and its intervention to take over British Steel. The report called for the government to identify sectors where Chinese investment would be barred and those where it would be allowed, and to consider tariffs on Chinese electric vehicles—while balancing security risks against the benefits of trade, low-cost imports and technological progress.
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