AssetID: 55858791
Headline: UNCAPTIONED: China Condemns British Steel Nationalisation
Caption: China Condemns British Steel Nationalisation. China has criticised the UK's decision to nationalise British Steel, saying it strongly opposes the move and accusing the British government of harming Chinese investment. Beijing said the decision infringed on the rights of the company's former owner, Jingye Group and called on the UK to honour its obligations under the China–UK Bilateral Investment Treaty. The UK government says bringing British Steel into public ownership will protect thousands of jobs and preserve a vital national industry. China has warned it will continue to monitor the situation and support Chinese companies in defending their interests. The dispute could add pressure to relations between London and Beijing as Andy Burnham prepares to become the UK's next prime minister on Monday. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,China,condemn,British Steel Nationalisation,strongly opposes,move,accuses,British Government,harming,Chinese,investment,former partner,Jingle Group,honour,Bilateral Investment Treaty
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