The spokesperson of the Ministry of Commerce answered questions from reporters about the nationalization of British steel by the UK government.

According to the news released by the Ministry of Commerce on July 17th, the Ministry of Commerce spokesperson responded to questions from reporters regarding the nationalization of British Steel by the British government. The spokesperson stated that the British side, in the name of national security, forcibly took over and subsequently nationalized British Steel, disregarding the significant contributions made by the company to the British economy and society. This action seriously harmed the legitimate rights and interests of the company and severely damaged the confidence of Chinese enterprises in investing in the UK. China urges the British government to comply with relevant international rules, fulfill its obligations under the China-UK investment protection agreement, and treat Chinese-funded enterprises in the UK fairly and justly to fully protect their legitimate rights and interests. China will closely monitor the developments of the events, support Chinese enterprises in using legal means to safeguard their rights, and take effective measures to firmly defend the interests of Chinese enterprises. The original text is as follows: Ministry of Commerce spokesperson responds to questions regarding the British government nationalizing British Steel A journalist asked: On July 16th, the British government announced that it had passed relevant legislation to nationalize the British Steel Company owned by China's Jingye Group. What is China's comment on this? China strongly opposes and expresses strong dissatisfaction with the relevant decision of the British government. Before Jingye's acquisition, British Steel had been operating at a loss for many years. Jingye injected a large amount of funds into British Steel after the acquisition, enabling the company to continue its operations and retain jobs. The British side disregarded the important contributions made by Jingye to the British economy and society, and in the name of national security, forcibly took over and nationalized British Steel, seriously damaging the legitimate rights and interests of Jingye and severely undermining the confidence of Chinese enterprises in investing in the UK. China urges the British government to comply with relevant international rules, fulfill its obligations under the China-UK investment protection agreement, and treat Chinese-funded enterprises in the UK fairly and justly to fully protect their legitimate rights and interests. China will closely monitor the developments of the events, support Chinese enterprises in using legal means to safeguard their rights, and take effective measures to firmly defend the interests of Chinese enterprises. This article is selected from the "Ministry of Commerce" official website, edited by GMTEight: Feng Qiuyi.