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UK Buys Out Chinese Stake In Sizewell Nuclear Project, PM Rishi Sunak Says “Golden Era” Over

Last Updated: November 30, 2022, 19:43 IST

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Britain has ousted China General Nuclear (CGN) from the construction of its new Sizewell C nuclear power station. Instead, London would form a joint venture with remaining French partner EDF with the UK investing £700 million in the project. The announcement came after Prime Minister Rishi Sunak warned the "golden era" of UK-China links was "over." The move also came amid a diplomatic storm over the arrest and alleged assault of a BBC journalist covering protests in China. Sunak’s announcement nevertheless further curbs UK’s economic ties with China, the world's second-biggest economy. Sunak also echoed his predecessor Liz Truss’s foreign policy review where she was reportedly planning to re-categorise China as a "threat."