China hits out at British Steel nationalisation

China has criticized the UK government's decision to nationalize British Steel, a move aimed at preserving a crucial industry. The UK government believes taking the firm into public hands will safeguard a vital national capability, ensuring its continued operation. China's reaction comes as the nationalization plan is set to impact the global steel market, with potential repercussions for international trade. The UK's decision is seen as a strategic move to protect its steel industry and maintain domestic production capabilities.

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