China hits out at British Steel nationalisation

China hits out at British Steel nationalisationImage source, Getty ImagesByPeter HoskinsBusiness reporterPublished17 July 2026, 03:50 BSTUpdated 37 minutes agoChina has hit out at the nationalisation of British Steel, saying it "firmly opposes and is strongly dissatisfied with the British government's decision".On Thursday, the UK government said that taking the loss-making firm into public hands would protect jobs and safeguard a "vital national capability".The UK took control of British Steel's operations in Scunthorpe last year, though it was still owned by China's Jingye Group, limiting the government's ability to steer its future.China's commerce ministry said on Friday that the moves "seriously infringed upon Jingye's legitimate rights and interests and severely undermined the…

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