Former UK Minister: The UK should consider accepting Chinese electric vehicles or electric vehicle technology

British media previously reported that UK Chancellor of the Exchequer Jeremy Hunt plans to visit China at the beginning of the new year. This plan is receiving close attention, with two former ministers stating that the UK should consider accepting Chinese electric vehicles or electric vehicle technology. The Guardian reported on the 22nd that former UK Conservative Chancellor Philip Hammond suggested that as part of establishing a new pragmatic trade relationship, the UK should encourage China to develop electric vehicles and renewable energy technology in the UK, which would benefit both countries. "China's advancements in electric vehicle technology and renewable energy technology actually provide us with a pathway to achieve strategic goals such as electrification," Hammond said. "Why shouldn't we encourage the Chinese to develop renewable energy technology and electric vehicles in the UK, just as the Japanese did in the 1980s?" Former Chairman of Goldman Sachs Asset Management and former UK Treasury Minister Jim O'Neill also expressed a similar view, arguing that consideration should be given to allowing China to produce electric vehicles in the UK. O'Neill stated, "If we are genuinely interested in developing trade relations to help us achieve stronger growth, we must balance conflicting interests such as security, defense, and growth aspirations." He added, "We need to think about how they can truly benefit more from our advantages and how we can benefit from their advantages. Will making decisions harm non-economic interests? The production of electric vehicles in the UK is clearly an area that can be explored." While the UK government is preparing for the Chancellor's visit to China, the Daily Telegraph reported on the 22nd that Lucy Powell, a member of the Privy Council and Leader of the House of Commons, rejected Shadow Foreign Secretary Priti Patel's call to designate China as a "security threat." In an interview with the media, Powell stated that she does not believe it is correct to designate China as a national "security threat" at this time. She said, "We take all such national threats very seriously, but we also have international relations and trade relations, and we must engage in international cooperation with countries like China based on national interests. This is also why we have been working to rebuild our relationship with China, as it is important for our country and the world." Author of this article: Li Meng, Source: Global Times, Original Title: "Former UK Ministers: The UK Should Consider Accepting Chinese Electric Vehicles or Electric Vehicle Technology" Risk Warning and Disclaimer The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk