Jingye eyes 'legal remedies' as UK nationalizes steel
- Posted on July 21, 2026
- By The China Daily
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- 1 min read
In brief
Britain's decision to nationalize British Steel, formerly controlled by China's Jingye Group, marks a significant turning point in UK industrial policy. The move has sparked diplomatic tensions and criticism from Beijing, which views it as protectionist. The nationalization reflects growing Western concerns about foreign control of critical infrastructure and represents a broader geopolitical shift toward safeguarding strategic industries from international ownership risks.
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Jingye eyes 'legal remedies' as UK nationalizes steel
The United Kingdom's nationalization of British Steel, previously owned by China's Jingye Group, has drawn strong responses from the Chinese government and industry experts, who said the move undermines market principles and investor confidence while reflecting a broader global shift toward prioritizing industrial security.
