Q: Recent media reports in the UK indicate that the UK government plans to nationalize British Steel, owned by China’s Jingye Group, through relevant legislation. What is China’s comment on this?

A: We have noted the relevant reports. It has been over a year since the UK government took control of British Steel from the Chinese enterprise, and China’s position has always been clear and consistent. The UK government should, regardless of what actions it takes, give full consideration to the substantial investment made by the Chinese company in British Steel and its contributions to the country’s economic and social development. The gorvernment should respect corporate will and market principles, refrain from abusing administrative coercive measures, and actively seek fair and just solutions acceptable to both sides. China hopes the UK government will follow the principles of fairness, impartiality, and non-discrimination, think twice before taking action, and make prudent decisions. It should effectively safeguard the legitimate rights and interests of Chinese enterprises and maintain the hard-won sound atmosphere for China-UK economic and trade relations. China will closely follow the developments of the event and take strong measures to protect the legitimate rights and interests of Chinese enterprises. (Released on May 14)