Chinese investment in Manchester airport

The Beijing Construction Engineering Group (BCEG) will be working with the Greater Manchester Pension fund and the Carillion Plc to invest a total of £800 million into developing businesses surrounding Manchester. The investment will go into developing hotels, offices and manufacturing firms and is expected to create approximately 16,000 jobs.

The news was first announced when Chancellor George Osborne departed on a trip to China, aiming to encourage exactly this kind of investment. Considering the speed at which the Chinese economy is developing it would be foolish not to seek to benefit from this growth, and this particular instance only goes to show how much the UK economy can stand to gain.

Mr Xing Yan, the managing director of BCEG, described it as an "honour" to be included in this development project and that they had "been looking to further explore joint infrastructure opportunities for some time."

Of course, this isn't the first time that China has gotten involved in the British economy. Thames water, Barclays, and British Petroleum all have Chinese backing, and a Chinese company, Bright foods, even owns a controlling share in Weetabix.