Former Conservative leader says government should assess China’s influence in areas from 5G to Covid-19 research

Chinese ownership of British businesses should be subject to a national security review by the UK government to assess the impact of Beijing’s growing economic power, according to the former Conservative leader Iain Duncan Smith.

The senior backbencher – a leading figure in the rebellion that forced Downing Street to introduce tougher controls on Huawei – believes ministers have failed to deal with the scale of China’s influence on strategic industries in the UK.

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