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Rishi Sunak and Liz Truss battle to be U.K.'s next PM

Former finance minister Sunak seeks 'balanced' China ties; Thatcher fan Truss more hawkish

U.K. Conservative Party leadership candidates Liz Truss, left, and Rishi Sunak. (Source photos by ITV/Getty Images)

LONDON -- Britain's former Finance Minister Rishi Sunak will battle Foreign Secretary Liz Truss to become the country's next prime minister in the final phase of a bruising Conservative party leadership fight to succeed Boris Johnson.

Sunak topped a ballot of Conservative members of Parliament on Wednesday, but opinion polls and bookmakers make Truss the favorite in the deciding vote of party members.

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