China, Britain Strike ‘Historic’ Nuclear Deal196 views
LONDON: China vowed Wednesday to take a one-third stake in Britain’s first nuclear power plant in decades, with Prime Minister David Cameron hailing an “historic deal” on the project led by French energy giant EDF.
On the first day of the trip on Tuesday about 200 demonstrators booed Xi’s journey to Buckingham Palace with Queen Elizabeth II in a gilded carriage in protest over Beijing’s humans rights record.
Leading Hong Kong pro-democracy activist Joshua Wong, 19, who attended a protest against Xi, told AFP that the prospect of Chinese cash “has blinded the eyes of David Cameron”.
Cameron has been accused by some observers of kowtowing to China in a bid for investment and the visit comes at a sensitive time as thousands of jobs are being cut in Britain’s steel sector.
The British job losses have been blamed by experts on a range of factors including cheap Chinese imports but also high energy costs in Britain.
The two leaders addressed the issue on Wednesday, with Cameron telling reporters that they had discussed “excess global supply of steel”.
But Xi insisted that China was not solely to blame for the crisis and said Chinese jobs were also at stake.
“The world is facing an overcapacity of iron and steel, not just the UK, this is because of the impact of the global financial crisis,” Xi said at a joint press conference with Cameron through a translator. –AFP