A reporter asked: On July 16, the British government announced that it had passed relevant legislation to nationalize British Steel, a subsidiary of China Jingye Group. What comments does the Chinese side have on this? A: The Chinese side expressed firm opposition and strong dissatisfaction with the relevant decisions of the British Government. British Steel had been losing money for many years before Jingye bought it. After the acquisition, Jingye injected huge sums of money into British Steel, so that the company's operations could be maintained and jobs were retained. The British side ignored Jingye's important contribution to the British economy and society, forcibly took over and further nationalized British Steel in the name of national security, seriously harming Jingye's legitimate rights and interests and seriously undermining the confidence of Chinese enterprises to invest in Britain. The Chinese side urges the British Government to abide by relevant international rules, effectively fulfill its obligations relating to the Sino-British Investment Protection Agreement, treat Chinese-funded enterprises in the UK fairly and impartially, and fully protect their legitimate rights and interests. The Chinese side will closely monitor the progress of the incident, support Chinese enterprises in using legal means to defend their rights, and will take strong measures to firmly safeguard the interests of Chinese enterprises.

A reporter asked: On July 16, the British government announced that it had passed relevant legislation to nationalize British Steel, a subsidiary of China Jingye Group. What comments does the Chinese side have on this? A: The Chinese side expressed firm opposition and strong dissatisfaction with the relevant decisions of the British Government. British Steel had been losing money for many years before Jingye bought it. After the acquisition, Jingye injected huge sums of money into British Steel, so that the company's operations could be maintained and jobs were retained. The British side ignored Jingye's important contribution to the British economy and society, forcibly took over and further nationalized British Steel in the name of national security, seriously harming Jingye's legitimate rights and interests and seriously undermining the confidence of Chinese enterprises to invest in Britain. The Chinese side urges the British Government to abide by relevant international rules, effectively fulfill its obligations relating to the Sino-British Investment Protection Agreement, treat Chinese-funded enterprises in the UK fairly and impartially, and fully protect their legitimate rights and interests. The Chinese side will closely monitor the progress of the incident, support Chinese enterprises in using legal means to defend their rights, and will take strong measures to firmly safeguard the interests of Chinese enterprises.