Business Blog | Trading Floor - thebusiness.co.uk
The Times has got what looks like a hair-raising scoop on alleged Chinese state spying against Rolls Royce and Royal Dutch Shell. It remains to be seen what, if anything, the British authorities do about this – not the least of the current problems of the enfeebled Brown government is that it is now heavily distracted by internal problems - but this sort of story will fuel protectionist sentiment in the West against China, if not lead to a full-blown diplomatic row. Whether it leads to any impact on Chinese-British trade flows or the activities of so-called sovereign wealth funds