China will defend its rights after UK steel nationalization

The Chinese Foreign Ministry confirmed that it will take the necessary measures to protect its rights and the interests of its companies following the British government's decision to nationalize British Steel, which was previously controlled by the Chinese Jingye Group. It pointed out that the British government's comments on this move and its impact on the investment environment reflect the importance of safeguarding the rights of Chinese investors. China called on London to respect market principles and contracts to ensure mutually acceptable solutions. Additionally, China expressed strong disappointment over the nationalization decision and urged compliance with laws and agreements related to investment protection.

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