The UK steps up its fight with China by preparing tough new laws to prevent 'hostile' takeovers of British firms

Getty

• The UK risks further escalating tensions with China by preparing tough new laws to prevent takeovers of British firms.
• Boris Johnson is reportedly planning new rules which make it compulsory for British firms to report attempted takeovers that could create risks to national security.
• The move comes amid growing tensions between London and Beijing over COVID-19 and Huawei.
• China is also angered by Johnson's pledge to offer millions of Hong Kong residents extended UK visas.
• Visit Business Insider's homepage for more stories.

The UK is stepping up its action against China by preparing tough new laws to prevent takeovers of British firms.

Prime Minister Boris Johnson risks putting more strain on London's relationship with Beijing by preparing legislation to prevent foreign takeovers that are deemed to pose a risk to UK national security.

See the rest of the story at Business Insider

NOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequence

See Also:

• China warns the UK of 'substantial damage' to its economy if refuses to back down on Hong Kong
• China warns the UK to 'step back from the brink' after Boris Johnson offers 3 million Hong Kong citizens refuge in Britain
• The WHO heaped praise on China to coax it to hand over early coronavirus data it was withholding, according to a new report

from Feedburner https://ift.tt/2A4556H