China stated on Friday its firm disagreement and resolute condemnation of the UK's decision to nationalize British Steel, while also calling for fair treatment for Chinese firms operating in the UK.
China stated on Friday its firm disagreement and resolute condemnation of the UK's decision to nationalize British Steel, while also calling for fair treatment for Chinese firms operating in the UK.
A representative from China's Ministry of Commerce noted that the British side forcibly seized the company under the pretext of national security, completely ignoring Jingye's contribution to the economy and society of the UK.
China emphasized that this step seriously harms the legitimate rights and interests of Jingye and significantly undermines the confidence of Chinese companies in investing in the UK.
Beijing announced that it will closely monitor developments and support Chinese enterprises in defending their rights. Furthermore, China strongly urged the UK to fulfill its obligations under the investment protection agreement between China and the UK.
For its part, Jingye stated its intention to seek full compensation for its investments in the company. The UK government clarified that the amount of any compensation will be determined as a result of an independent assessment.
A representative of China's Ministry of Foreign Affairs stated on Wednesday that Beijing strongly objects to the imposition of unilateral sanctions that are not supported by international law or have not received approval from the UN Security Council.
The remarks by representative Lin Jian were made during a daily press briefing. He commented on the new United States legislation concerning sanctions against Russia, which was initiated by the late Senator Lindsey Graham.
These new measures target the five largest buyers of Russian crude oil and natural gas, among whom China is included. Lin emphasized that China will take all necessary steps to firmly protect the legitimate rights and interests of Chinese citizens and enterprises.
He added that the application of double standards, as well as the use of coercion and pressure, will ultimately be counterproductive.
