David Cameron is yet to find support from major investors for his $1bn UK-China investment fund, the FT reports, as the Belt and Road Initiative continues to create disagreements between the two countries.
The state-backed UK-China fund, spearheaded by Conservative peer Lord Chadlington, was seen as a project to promote economic ties between the two countries. There have been suggestions, however, that the “golden era” of Anglo-Chinese trade relations is in decline following disagreements regarding Chinese overseas investment.
Current Prime Minister Theresa May travels to China this week, where trade and investment will be a central theme of talks.