China ‘strongly dissatisfied’ with nationalisation of British Steel
Pusulam brief
Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government stepped in to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. On Thursday, British Steel was brought under public ownership to protect “the future of steel production”, the government announced.
The development is worth tracking because it may create practical public benefit or inform similar work.
Move dealt ‘severe blow to Chinese companies’ confidence in investing in the UK’, says Ministry of Commerce China’s government has said it is “strongly dissatisfied” with the decision to nationalise British Steel this week, 15 months after the UK government stepped in to prevent the closure of its steelworks in Scunthorpe and the loss of 4,000 jobs. On Thursday, British Steel was brought under public ownership to protect “the future of steel production”, the government announced. Continue reading...
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