A selection of Marina's published articles

These articles have been published in the Economist, Standpoint Magazine, Financial Times, MoneyWeek, the Times Literary Supplement, New York Observer and more

MoneyWeek: Britain snuggles up to China

osborne-chinaBritish Chancellor George Osborne is on a five-day trade mission to China, in the hope of turning the UK into China’s second-biggest trading partner by 2025. The US is currently the biggest, followed by Germany. UK exports to China have grown fivefold since 2003, and China is now the sixth-biggest market for UK goods and services, but Osborne said Britain must “raise its game” to raise annual exports from £25bn to £30bn.

What the commentators said

Osborne’s visit is “not for the purpose of complaining about human rights abuses”, said Jeremy Warner in The Daily Telegraph. Doing so would be like “insulting someone you are trying to sell your house to”. Yet Britain’s approach has gone far beyond the usual compromises and realpolitik, into “a kind of undignified love bombing”. For example, the UK is to guarantee a £2bn deal for China to invest in the Hinkley Point nuclear power station. “There is nothing special about nuclear power that should disbar it from inward investment and foreign ownership, but when it is state-controlled enterprises doing the investing and it requires British government guarantees to make it happen, you have to ask yourself who is taking whom for a ride.”

Osborne “is right to seek a closer bilateral economic relationship with Beijing”, said the FT. But he should be careful. For example, “allowing Chinese companies to operate at the heart of Britain’s nuclear industry may threaten UK national security”. Moreover, there’s a “lack of reciprocity” in this relationship. For example, there’s no chance that a British company could get involved in “a construction contract in the highly militarised Xinjiang region” that Osborne visited this week. Osborne’s long-term bet on China is “the correct one”. But he needs guarantees that make the relationship “more balanced”.

This article was originally published in MoneyWeek on 24. September 2015: http://moneyweek.com/britain-snuggles-up-to-china/


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


This entry was posted on September 24, 2015 by in Finance.

Enter your email address to follow this blog and receive notifications of new posts by email.


In a crowded London shop
An open book and empty cup 

On the marble table-top.
While on the shop and street I gazed

My body of a sudden blazed;
And twenty minutes more or less It seemed, so great my happiness,

That I was blessed and could bless.

- Yeats

Always to shine,
to shine everywhere,
to the very deeps of the last days,
to shine—
and to hell with everything else!
That is my motto—
and the sun’s!

- Mayakovsky

Can it pull extraordinary faces?
Is it usually sick on a swing?
Does it spend all its time at the races,
or fiddling with pieces of string?
Has it views of its own about money?
Does it think patriotism enough?
Are its stories vulgar but funny?
O tell me the truth about love.

- WH Auden

%d bloggers like this: