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The UK government proposes legislation to nationalize the British steel company owned by China
According to the Chinese Ministry of Commerce, the UK government recently proposed legislation to nationalize the British steel company currently held by China's Jingye Group.
The ministry stated that the government has regulated the company for over a year and urged the UK to respect the company's wishes, follow market principles, and avoid abusing administrative enforcement measures.
China emphasized the need for a mutually acceptable, fair, and non-discriminatory solution, and pointed out Jingye Group's significant investment in the British steel company and its contributions to the UK economy.
The ministry warned that it will closely monitor the situation and take measures to protect the legitimate rights and interests of Chinese enterprises. #Gate广场五月交易分享