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Topic: jingye

The Scunthorpe steelworks
New Economy
Friday, 7/17, 04:31 AM

China Condemns Britain's British Steel Nationalization as Unfair Seizure

  • Beijing has hit back at the UK's nationalization of British Steel, with China's commerce ministry saying the move 'seriously infringed' on the rights of Jingye, the plant's Chinese owner, and undermined confidence in investing in Britain.
  • China urged the UK to honor an investment treaty, as Jingye seeks compensation, turning a domestic rescue into a trade dispute.

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