British Steel Sparks Debate on the UK’s Ties with China
In an impassioned address in parliament last week, UK Business Secretary Jonathan Reynolds did not shy away from expressing his concerns regarding Chinese company Jingye's dealings. He stressed that their actions have not reflected "good faith." "Despite our substantial offer to Jingye, their demands escalated to what I can only characterize as excessive," he asserted in the House of Commons.
Back in 2020, Jingye acquired British Steel out of insolvency with a promise of ushering in a "new chapter" for steel production in…