China warns it will act after UK nationalizes British Steel

China said on Thursday it will take all necessary measures to protect its rights, following the United Kingdom’s decision to nationalize British Steel. A Chinese foreign ministry spokesperson made the statement, without specifying what actions Beijing might take. The nationalization, announced earlier this week, brings the struggling steelmaker under state control. China has not detailed how its interests are affected, but the spokesperson stressed that any infringement on Chinese rights would be met with a firm response.