After policy was approved to stop the closure of the last American manufacturer that can produce material from scratch, Beijing warned Britain on Monday against “politicizing” an ongoing conflict over the future of Chinese-owned British Steel.
The UK government passed serious policy quickly on Saturday in Scunthorpe, northern England, to prevent the fire ovens from being turned off at British Steel’s grow.
Owners Jingye and the company made the decision after they said it was no longer financially viable to keep them burning.
Later, Jonathan Reynolds, the British government’s business secretary, claimed that London had been “naive” in allowing the Chinese company to control a portion of the delicate steel industry.
To prevent affecting Chinese enterprises ‘ confidence in visiting the UK, a spokesman for China’s foreign ministry urged the British government on Monday to “avoid politicising trade cooperation or relating it to security issues.”
The two parties should work together to resolve the operational issues that British Steel is currently facing by negotiating a solution based on mutual benefit, Lin Jian said at a regular press briefing in Beijing.
Beijing hopes that London will” treat Chinese businesses that have invested and run in the UK fairly and justly ( and ) guard their legitimate and legitimate rights and interests” ( ).
According to Lin,” a Chinese private enterprise that has worked with the British side based on market principles,” Jingye, one of the biggest steel firms in the world, is.
The business bought British Steel in 2020 and claims to have invested more than £1.2 billion ($ 1.6 billion ) to keep operations running, but that it was losing around £700,000 daily.
