What is the relationship between 'George Osborne' and 'Chancellor of the Exchequer' in the context of the input sentence.
Options: position held, chairperson, owned by, owner of

China George Osborne's fawning in China will do little to save Redcar China is generally considered not quite big enough to do serious economic damage to the world - but it could still kill off Britain's steel industry Chinese Vice Premier Ma Kai (right) shakes hands with Britain's Chancellor of the Exchequer George Osborne (left) before the start of the 7th China-UK strategic economic dialogue at Diaoyutai State Guesthouse, in Beijing, China.
position held