{"id":2047496,"date":"2026-07-17T05:37:49","date_gmt":"2026-07-17T02:37:49","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2047496"},"modified":"2026-07-17T05:37:49","modified_gmt":"2026-07-17T02:37:49","slug":"china-firmly-opposes-uk-nationalisation-of-british-steel","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2047496","title":{"rendered":"China \u2018firmly opposes\u2019 UK nationalisation of British Steel"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/1200x675_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg&#8221;]<\/p>\n<article id=\"abe-2910264-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910264\" data-cid=\"9839989\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910264-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" 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diet\u2019, UN warns\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Health news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    \u2018Almost one in three people cannot afford a healthy diet\u2019, UN warns\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2910319-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2910319\" data-cid=\"9840339\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910319-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/03\/39\/189x106_cmsv2_a1f75f85-3d03-555e-8096-4c06055e015e-9840339.jpg\" loading=\"lazy\" alt=\"All 50 of United&apos;s new Airbus A321XLR aircraft will include a special row in Economy Plus \" height=\"9\" width=\"16\"><\/figure>\n<div 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class=\"the-media-object__title  \">\n<p>    Latest news bulletin | July 17th, 2026 \u2013 Morning\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            China \u2018firmly opposes\u2019 UK nationalisation of British Steel<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/1536x864_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"File - A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&apos;s steelworks site in Scunthorpe, England. 15 April 2025\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              File &#8211; A Save our Steel sticker is pictured on the helmet of a worker at one of the Blast Furnaces at British Steel&#8217;s steelworks site in Scunthorpe, England. 15 April 2025<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Darren Staples\/Pool Photo via AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Darren Staples\/Pool Photo via AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspDoloresz Katanich\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1784266669\">\n         Published on<br \/>\n            <time datetime=\"2026-07-17 07:37:49 +02:00\">17\/07\/2026 &#8211; 7:37 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span 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class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The UK government announced on Thursday that it had passed legislation to nationalise British Steel, previously owned by China\u2019s Jingye Group, to protect the country\u2019s steelmaking capacity after Jingye moved to shut the company\u2019s blast furnaces.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>China condemned the UK&#8217;s decision to nationalise British Steel, saying it \u201cfirmly opposes and is strongly dissatisfied with the British government&#8217;s decision\u201d and warning that the move had damaged Chinese companies\u2019 confidence in investing in the UK, the country&#8217;s Ministry of Commerce said on Friday.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>On Thursday, the British government announced that it would take the loss-making company into public hands to protect jobs and safeguard a \u201cvital national capability\u201d. <\/p>\n<p>The UK government took operational control of British Steel\u2019s Scunthorpe operations in 2025 after Jingye considered closing the plant\u2019s blast furnaces. However, the Chinese group retained ownership of the company, limiting the government\u2019s ability to determine its future.<\/p>\n<p>In a statement published on Friday, China\u2019s Ministry of Commerce said: \u201cBritish Steel had been incurring losses for years before its acquisition by Jingye. Following the acquisition, Jingye injected substantial capital into the company, thereby sustaining its operations and preserving jobs.\u201d<\/p>\n<p>The ministry accused the UK of disregarding Jingye\u2019s contribution to the British economy and society and using national security to justify taking control of and nationalising the company.<\/p>\n<p>It added: &#8220;The Chinese side urges the UK government to abide by relevant international rules, earnestly fulfil its obligations under the China-UK investment protection agreement, treat Chinese-funded enterprises in the UK fairly and impartially, and fully safeguard their legitimate rights and interests.&#8221;<\/p>\n<p>The ministry said it would closely monitor developments, support businesses seeking to defend their rights through legal action, and &#8220;take resolute measures to firmly safeguard the interests of Chinese enterprises&#8221;.<\/p>\n<p>The UK Department for Business and Trade said on Thursday that the takeover would save thousands of jobs and protect the national interest by ensuring the domestic production of steel for major construction projects and the defence industry.<\/p>\n<p>&#8220;British Steel now belongs to the British people, and our focus is on the future: stabilising the business, backing the communities that rely on it and building a sustainable, competitive and decarbonised steel sector for the years ahead,\u201d Business Secretary Peter Kyle said in a statement.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Why the UK government is not ruling out nationalising key British steel plant<\/li>\n<li class=\"c-widget-related__item\">China warns UK government to treat owners of British Steel fairly<\/li>\n<\/ul>\n<\/div>\n<p>An independent evaluation will be carried out to determine whether Jingye will receive compensation.<\/p>\n<p>The furnaces at Scunthorpe are the last in the UK capable of producing &#8220;virgin steel&#8221; from raw materials.<\/p>\n<p>British Steel and its predecessors have been making steel at Scunthorpe for more than 130 years, building on the UK\u2019s development of improved steelmaking technology during the Industrial Revolution. The plant currently employs about 2,700 people.<\/p>\n<p>Jingye bought British Steel in 2020 and says it has invested more than \u00a31.2bn (\u20ac1.4bn) to keep the plant running in the face of \u201congoing production instability\u201d.<\/p>\n<\/div>\n<footer class=\"perf-cv-auto c-article-contributors c-article-contributors-supplementary u-margin-top-2 u-padding-top-2\">\n<p>Additional sources<strong> \u2022 AP<\/strong><\/p>\n<\/footer>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2910050-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/480x270_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910270-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910270\" data-cid=\"9840088\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910270-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/00\/88\/480x270_cmsv2_752c4aa2-2da0-52d1-8985-42975d8d0a09-9840088.jpg\" loading=\"lazy\" alt=\"FILE. 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(TSMC) headquarters in Hsinchu, Taiwan, Oct. 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    TSMC posts record profit and pledges $100bn to expand US manufacturing<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910245-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910245\" data-cid=\"9839848\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910245-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/98\/48\/480x270_cmsv2_d1613ae2-d6c1-5f9d-87ed-aaba45f3cedd-9839848.jpg\" loading=\"lazy\" alt=\"File - A man with a face mask stand in front of the entrance of the headquarters of the food delivery company &apos;Deleivery Hero&apos; in Berlin, Germany, Wednesday, 28 Oct. 2020. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Germany&#8217;s Delivery Hero backs \u20ac13 billion takeover by Uber<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  steel<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  British economy<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Chinese politics<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Steel industry<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2910307-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910307-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/02\/67\/320x180_cmsv2_14005598-d579-5cef-be0a-9f3047de33a1-9840267.jpg\" loading=\"lazy\" alt=\"Real wages in Europe.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? 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(TSMC) headquarters in Hsinchu, Taiwan, Oct. 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    TSMC posts record profit and pledges $100bn to expand US manufacturing<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910245-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2910245\" data-cid=\"9839848\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910245-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/98\/48\/480x270_cmsv2_d1613ae2-d6c1-5f9d-87ed-aaba45f3cedd-9839848.jpg\" loading=\"lazy\" alt=\"File - A man with a face mask stand in front of the entrance of the headquarters of the food delivery company &apos;Deleivery Hero&apos; in Berlin, Germany, Wednesday, 28 Oct. 2020. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Germany&#8217;s Delivery Hero backs \u20ac13 billion takeover by Uber<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910307-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910307\" data-cid=\"9840267\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910307-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/02\/67\/320x180_cmsv2_14005598-d579-5cef-be0a-9f3047de33a1-9840267.jpg\" loading=\"lazy\" alt=\"Real wages in Europe.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Does your salary buy as much as five years ago? Europe compared<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910050-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910050\" data-cid=\"9838928\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910050-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/89\/28\/320x180_cmsv2_d89047fc-3ed3-5c1d-b36f-6e40d7a909ff-9838928.jpg\" loading=\"lazy\" alt=\"File - An aircraft of Emirates airlines flies past the moon after the start at the airport in Frankfurt, Germany, Wednesday, 5 April 2023. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    The world&#8217;s most profitable airlines: Record earnings collide with war<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910094-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910094\" data-cid=\"9839169\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910094-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/91\/69\/320x180_cmsv2_b0095374-6fd7-53f4-9ed9-6a4967966657-9839169.jpg\" loading=\"lazy\" alt=\"FILE - The sun sets behind high tension power lines on 23. Sept. 2024, in the Porter Ranch section of Los Angeles.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries use the most energy for cooling?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910270-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910270\" data-cid=\"9840088\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910270-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/84\/00\/88\/320x180_cmsv2_752c4aa2-2da0-52d1-8985-42975d8d0a09-9840088.jpg\" loading=\"lazy\" alt=\"FILE. A person walks into the Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) headquarters in Hsinchu, Taiwan, Oct. 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    TSMC posts record profit and pledges $100bn to expand US manufacturing<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910245-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2910245\" data-cid=\"9839848\" data-part-label=\"Partner content\">\n<figure id=\"abe-2910245-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/83\/98\/48\/320x180_cmsv2_d1613ae2-d6c1-5f9d-87ed-aaba45f3cedd-9839848.jpg\" loading=\"lazy\" alt=\"File - A man with a face mask stand in front of the entrance of the headquarters of the food delivery company &apos;Deleivery Hero&apos; in Berlin, Germany, Wednesday, 28 Oct. 2020. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Germany&#8217;s Delivery Hero backs \u20ac13 billion takeover by Uber<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908613-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908613\" data-cid=\"9832152\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are property taxes highest and lowest in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2910094-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2910094\" data-cid=\"9839169\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Which European countries use the most energy for cooling?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2909792-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2909792\" data-cid=\"9837579\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Europe&#8217;s corporate debt ranking: Which countries borrow the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2908815-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2908815\" data-cid=\"9833282\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Holiday prices in Europe: Which country is cheapest?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907892-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2907892\" data-cid=\"9828224\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Dubai&#8217;s new startup campus wants to be the front door for founders<br \/>\n  <\/h3>\n<div class=\"the-media-object__quote\">Partner content presented by <strong>Dubai Chamber of Digital Economy<\/strong><\/div>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">China condemned the UK&#8217;s decision to nationalise British Steel, saying it \u201cfirmly opposes and is strongly dissatisfied with the British government&#8217;s decision\u201d and warning that the move had damaged Chinese companies\u2019 confidence in investing in the UK, the country&#8217;s Ministry of Commerce said on Friday.On Thursday, the British government announced that it would take the loss-making company into public hands to protect jobs and safeguard a \u201cvital national capability\u201d.The UK government took operational control of British Steel\u2019s Scunthorpe operations in 2025 after Jingye considered closing the plant\u2019s blast furnaces. However, the Chinese group retained ownership of the company, limiting the government\u2019s ability to determine its future.In a statement published on Friday, China\u2019s Ministry of Commerce said: \u201cBritish Steel had been incurring losses for years before its acquisition by Jingye. Following the acquisition, Jingye injected substantial capital into the company, thereby sustaining its operations and preserving jobs.\u201dThe ministry accused the UK of disregarding Jingye\u2019s contribution to the British economy and society and using national security to justify taking control of and nationalising the company.It added: &#8220;The Chinese side urges the UK government to abide by relevant international rules, earnestly fulfil its obligations under the China-UK investment protection agreement, treat Chinese-funded enterprises in the UK fairly and impartially, and fully safeguard their legitimate rights and interests.&#8221;The ministry said it would closely monitor developments, support businesses seeking to defend their rights through legal action, and &#8220;take resolute measures to firmly safeguard the interests of Chinese enterprises&#8221;.The UK Department for Business and Trade said on Thursday that the takeover would save thousands of jobs and protect the national interest by ensuring the domestic production of steel for major construction projects and the defence industry.&#8221;British Steel now belongs to the British people, and our focus is on the future: stabilising the business, backing the communities that rely on it and building a sustainable, competitive and decarbonised steel sector for the years ahead,\u201d Business Secretary Peter Kyle said in a statement.An independent evaluation will be carried out to determine whether Jingye will receive compensation.The furnaces at Scunthorpe are the last in the UK capable of producing &#8220;virgin steel&#8221; from raw materials.British Steel and its predecessors have been making steel at Scunthorpe for more than 130 years, building on the UK\u2019s development of improved steelmaking technology during the Industrial Revolution. The plant currently employs about 2,700 people.Jingye bought British Steel in 2020 and says it has invested more than \u00a31.2bn (\u20ac1.4bn) to keep the plant running in the face of \u201congoing production instability\u201d.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/17\/china-firmly-opposes-uk-nationalisation-of-british-steel&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/84\/12\/10\/1200x675_cmsv2_5aeb9226-e683-5412-a367-4743694bb647-9841210.jpg&#8221;] Europe News \u2018China\u2019s model is flawed,&#8221; top MEP says Health news \u2018Almost one in three people cannot afford a healthy diet\u2019, UN warns Travel News The empty middle seat: A perk that every economy passenger hopes for Top News Stories Today Latest news bulletin | July 17th, 2026 \u2013 Morning Europe News [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2047496","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2047496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2047496"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2047496\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2047496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2047496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2047496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}