China dissatisfied with British Steel nationalisation

China's government has expressed strong dissatisfaction with the UK's decision to nationalize British Steel, claiming the move undermines Chinese companies' confidence in UK investments. The nationalization occurred just 15 months after the UK government first intervened to save the Scunthorpe steelworks and its 4,000 jobs. China's Ministry of Commerce characterized the action as dealing a severe blow to Chinese business interests in Britain.