The Government has acted swiftly to head off the purchase of County Durham-based precision engineer Northern Aerospace by a Chinese-owned rival Gardner Aerospace.
Both companies are minnows compared to GKN, now owned by avaricious Melrose Industries.
But anyone taking a look at the Gardner website could not but see the scale of Chinese ambition in aerospace.
The goal of Gardner’s ultimate owners in China is to gain access to aero-engine technology where Britain, through Rolls-Royce and its network of parts suppliers across the UK, is a world leader.
The last thing the UK needs is for vital aerospace technology, an area of manufacturing where Britain is a global leader, to escape to Beijing
It is to the credit of hyperactive defence secretary Gavin Williamson that he advised his colleague Greg Clark at Business to send the transaction to the Competition & Markets Authority.
The last thing the UK needs is for vital aerospace technology, an area of manufacturing where Britain is a global leader, to escape to Beijing.
What is far more disturbing was Whitehall and governance connivance in the sale of Britain’s world class chipmaker ARM to Japan’s Softbank.
Japan has been among the best inward investors in the UK, pioneering the return of car making at Nissan in Sunderland and Honda in Swindon.
Fujitsu is an important player in computing. But Softbank boss Masayoshi Son is a dealmaker not a builder of enterprises.
The way in which he has ceded control of ARM’s smart-chip technology to a joint venture with China is disgraceful and turns it into a pawn in the bigger fight between Washington and Beijing over semi-conductors.
The value of the Chinese networks firm ZTE plummeted by over £1bn in latest trading in Hong Kong.
This followed a vote by the US Senate to overturn a deal under which the Trump administration allowed American suppliers to sell equipment to the Shenzhen-based enterprise.
The tug of war over ZTE illustrates how toxic technology transfer is now regarded by US politicians. Britain is finally waking up to the threat. But it is seemingly helpless or unwilling to do anything to keep ARM safe from marauders.
The leaked Lloyds staff report into an alleged cover-up by HBOS of the criminality at the bank’s Reading branch is horrendous.
If the claims are substantiated by official probes being conducted by Dame Linda Dobbs and the National Crime Agency one would have to question whether former chief executive Andy Hornby, now holding a senior job at GVC-owned Ladbrokes Coral, should be anywhere near a public company.
The central claim is that HBOS was well aware of the fraud at Reading and the £800million black hole in the accounts when it sold itself to Lloyds at the height of the 2008 financial crisis, but failed to disclose the risk.
If it had, there is severe doubt as to whether Lloyds would have proceeded with the offer, even though it was brokered by then prime minister Gordon Brown.
What is just as shocking in many ways is that the new owners, when made aware of the systematic fraud and the immense harm done to clients, never felt any responsibility to reveal details to shareholders.
As is sometimes the case, the cover-up is almost as shocking as the criminality which took place under the eyes of the HBOS executives.
Everyone suffered as a result of the deceit, including Lloyds investors who saw their shares diluted and dividends axed.
As frustrating is that it has taken a decade for all this to emerge and it has only gone public because the campaigner for banking justice, Neil Mitchell, had the courage to go public.
There were many shameful episodes in the banking crisis but this trumps the rest.
Even by the recent standards of department stores, Debenhams looks to be a car crash.
Decades of under-investment (including a period in private equity ownership), slow migration online, rising business rates and sinking consumer confidence all contributed to bringing the brand down.
It is trying to stay alive by jettisoning assets such as the Danish chain Magasin du Nord.
Debs has the right person in charge in the shape of former Amazon and Inditex executive Sergio Bucher, and the blessing of Mike Ashley as a cornerstone investor with a near 30 per cent stake.
The goal is to focus on beauty products, a staple of department stores, and something mystically called ‘better curated’ fashion.
The fat lady is not singing just yet.