China considers action after British Steel takeover

China announced that it will closely monitor the United Kingdom's decision to nationalize British Steel, which was previously owned by the Chinese company Jingzhi. China stated that it will take appropriate measures to protect its interests if necessary. The ministry clarified that the UK's handling of the matter will impact Chinese investors' confidence and the overall perception of the British government’s credibility, calling for an amicable resolution that includes compensation. This came after the UK announced on July 16, 2026, its decision to nationalize the company to safeguard the steel industry, aiming to preserve jobs and industrial capacity amid disputes with Jingzhi, which is demanding compensation for its losses.

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