{"id":185616,"date":"2022-07-30T08:45:59","date_gmt":"2022-07-30T08:45:59","guid":{"rendered":"https:\/\/dominiclevent.com\/blog\/?p=185616"},"modified":"2022-07-30T08:45:59","modified_gmt":"2022-07-30T08:45:59","slug":"uk-businesses-cutting-china-ties-en-masse-amid-tension-with-west-says-cbi-boss","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/uk-businesses-cutting-china-ties-en-masse-amid-tension-with-west-says-cbi-boss\/","title":{"rendered":"UK businesses cutting China ties en masse amid tension with West, says CBI boss"},"content":{"rendered":"


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British firms are scrambling to severe economic ties with China<\/a> in the wake of increased political and security tensions between Beijing and the West<\/a>, an industry leader has said.<\/p>\n<\/div>\n

The sudden restructuring of supply chains from China could also exacerbate the cost-of-living crisis, Confederation of British Industry (CBI) director-general Tony Danker warned.<\/p>\n

Speaking to FT Weekend, he said thousands of companies in the UK were currently engaged in rethinking supply chains in anticipation of hardening anti-China political sentiment.<\/p>\n

CBI Director-General Tony Danker warned corporate supply chains face becoming \u2018more expensive and thus inflationary\u2019 (Jonathan Brady\/PA)<\/span> \/ <\/span>PA Archive<\/span><\/figcaption><\/figure>\n

Mr Danker warned that the UK needed to find new trade partners and rekindle old ones \u2013 such as the EU \u2013 if China is removed. If not, corporate supply chains \u201cwill be more expensive and thus inflationary\u201d and Britain\u2019s trade strategy will be redefined.<\/p>\n