China disapproves of British Steel nationalisation decision by UK

BEIJING, July 17 (Reuters) - China said on Friday it firmly opposes and strongly disapproves of Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms there.

The British side had "forcibly" taken over the company from Chinese steelmaker Jingye and "disregarded" its contributions to the British economy and society, China's commerce ministry said in statement.

Britain nationalised British Steel on Thursday, fully taking over the loss-making company that was previously Chinese owned in an effort to protect the future of steel production in the country.


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