Chancellor George Osborne has won an offer of more
Chinese investment in Britain. Hualing Industry and Trade Group, based in
China's Xinjiang region, intends to invest 60 million pounds ($90 million) to
kick off the three projects in Manchester, Leeds and Sheffield which will have
a final gross value of 1.2 billion pounds. The ministry said the projects, led
by Britain's Scarborough Group, are expected to deliver 10,000 new homes, part
of the government's efforts to spur development in northern England which has
lagged growth in London and the southeast. Read more on the Reuters website.
