China accuses UK politicians of 'arrogance' amid British Steel ownership row
Briefly

China has strongly condemned British politicians for their criticism of Jingye, the Chinese owner of British Steel, following the company's threat to close blast furnaces in Scunthorpe, risking 2,700 jobs. The Chinese embassy labeled UK criticism as absurd and unfounded, accusing politicians of arrogance and ignorance. The UK government intervened to prevent immediate job losses by temporarily taking control of the company, leading to further diplomatic tensions at a time when the Labour government seeks increased foreign investment, including from China.
The anti-China rhetoric of some individual British politicians is extremely absurd, reflecting their arrogance, ignorance and twisted mindset.
Jingye plans to close the outdated blast furnaces, arguing that the decision is commercially justified, despite rejecting a £500 million government support offer.
Read at Business Matters
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