It wants to encourage trade and investment with the world's second largest economy.
This contradiction was evident on Monday when Philip Hammond shared a podium with Chinese Vice Premier Hu Chunhua after the pair celebrated the linking of the London and Shanghai stock exchanges - an important, new financial relationship. I also asked him whether there was a danger that by welcoming more Chinese investment into the UK, national security and military secrets could be compromised.Mr Hammond said he could not recall the specific take-over but on the broader point, he said:"It's vital that we forge a relationship with China that works both for trade and for investment to our mutual benefit.
US President Donald Trump says Huawei can play no role in the United States' next generation communications technology because of spying fears.However, Mr Trump has signalled he wants his allies to ditch the Chinese company as well, putting the UK in a bind.
haynesdeborah
haynesdeborah It's not that difficult ... We structure an economic trade & investment deal partnership between our two countries, but we do not allow any access, or joint ventures within top level security & communications infrastructure engagement.
haynesdeborah We’re too busy watching a group of spoiled adolescents fight over a soggy biscuit. Sorry.
haynesdeborah Not really a balancing act at all - just a conflict between the money makers and those that protect our security, technological, and industrial information. Forget the money and focus on the rest.
haynesdeborah We're fine we got nothing for people to steal.