1:02 PM MYT
The Canary Wharf development project, heavily backed by Chinese investors, is currently on hold, a victim of geopolitical uncertainties.
BEIJING (China Daily/ANN): On Christmas Eve, in a nail-biting finale, the United Kingdom announced that it had negotiated a post-Brexit trade deal with the European Union, which met most of its requirements.
Taking effect on Jan 1, upon the expiry of the UK’s 11-month transition period out of the EU’s institutional framework, it is worth 660 billion pounds a year, the biggest trade deal ever signed by either party.
It gives the UK what the Prime Minister, Boris Johnson, had sought, namely, a “Canada plus plus” arrangement, which incorporates the main features of the EU-Canada trade deal of 2016, but without any of the quotas or tariffs imposed on some Canadian goods.
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