Thousands of UK Firms Cut Ties With China Amid Rising Tensions: Industry Group

Thousands of UK Firms Cut Ties With China Amid Rising Tensions: Industry Group
Chinese paramilitary policemen watch as people visit a promenade on the Bund along the Huangpu River in Shanghai on May 1, 2021. Hector Retamal/AFP via Getty Images
Alexander Zhang
Updated:
0:00

Thousands of UK businesses are cutting their economic ties with China as they anticipate faster decoupling between China and the West, according to a major UK business group.

Confederation of British Industry (CBI) Director-General Tony Danker said thousands of companies in the UK are currently rethinking their supply chains in anticipation of hardening anti-China political sentiment.