David Buik, Senior Market Commentator at Panmure Gordon wonders if the UK economy can afford losing friends like China over the next few years. Buik’s comments come after Liu Xiaoming, China’s ambassador to the UK warned that bilateral ties stand at a "crucial historical juncture" over London's deferral of an 18-billion-pound nuclear power project. Also joined by Zak Mir, Analyst at Zak’s Traders Cafe, and Alan Green, CEO at Monk Communications.
Chinese officials have reportedly said the cancellation of Hinkley deal could harm other planned Chinese investments in the UK. Buik sheds more light on the issue.
The segment also includes Buik’s take on the banking sector. He reiterates his view that “the FTSE100 would have been above 7K if it were not for the problems in the banking space”.