Nicola Sturgeon’s shady Chinese deals give the wrong impression of Scotland

The SNP’s secretive backroom deals with shady Chinese companies do not give the impression that Scotland is a modern, transaparent economy that is open for business, says Merryn Somerset Webb.

You have probably been very busy worrying about the US election and about Brexit. So my guess is that you may not havebeen paying much attention to local politics. Neither have I. So I have only just had a proper look at the total, total debacle that is Scotland's conversations with China.

Back in March, Nicola Sturgeon entered into a memorandum of understanding with two huge Chinese companies SinoFortone and China Railway No 3 Engineering Group (CR3) with a view to developing a relationship that would leave to a programme of investment into "Scottish priority projects and infrastructure". Unfortunately she didn't tell very many people about it (there was an election about). Instead, as The Scotsman tells it, the deal only came to light after details of it were published in the Chinese press.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek