China pays close attention to the UK steel nationalization issue; UK new business and trade secretary Reynolds says it will strictly follow the relevant assessment results and provide fair compensation - IT Home
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China and the UK held talks on economic and trade ties, with a focus on the nationalization of British Steel.
Commerce Minister Wang Wentao urged the UK to follow international rules and the investment protection agreement, and to properly safeguard Chinese interests.
The UK said it will commission an independent third-party assessment and provide fair compensation based on the findings.
The issue highlights tensions between investment protection and national security review, with implications for Chinese firms investing in the UK.
