China: UK steel nationalization is a ‘wrong move’

China has voiced strong opposition to the United Kingdom’s plan to nationalize British Steel, calling the decision a “wrong move” that undermines market principles. A spokesperson for China’s Ministry of Commerce stated that such government intervention violates the rules of a free market economy. Beijing argues that the nationalization could disrupt fair competition and harm the interests of Chinese companies operating in the UK. The statement did not specify what actions China might take in response, but it signaled that the move could affect bilateral trade relations.