The Bishop of St Albans received the following written answer on 20th September 2023:
The Lord Bishop of St Albans asked His Majesty’s Government what assessment they have made of the purchase of UK businesses by funds owned by the state of China; and what safeguards exist to protect national security in this situation.
Baroness Neville-Rolfe (Con, Cabinet Office): As an open economy, the government welcomes foreign trade and investment, including from China, where it supports growth and jobs in the UK, meets our stringent legal and regulatory requirements, and does not compromise our national security.
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