Inside Track
China Using Coronavirus Crisis to Buy Up British Companies
Nigel Farage, leader of Britain’s Brexit Party, claims Chinese interests seek to use the coronavirus outbreak to gain control of large segments of the U.K. economy, particularly strategic industries such as manufacturing.
“What is happening right now is that Chinese companies and Chinese money are lining up for what they expect to be a ‘fire sale’ of British businesses,” he said April 8 during a Facebook live stream.
Citing Germany’s recently enacted protections against foreign takeovers of their companies during the COVID-19 crisis, Farage suggested Britain must take similar measures:
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