Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
The Chinese owner called for British Steel the UK government to “respect and protect its rights as a foreign investor after the ministers greatly seized the company during the weekend.
In a statement to the Financial Times, the first public comments on the epic, Jenji, the United Kingdom, expressed its “understanding” of the emergency law issued on Saturday after the ministers made a rare decision to remember Parliament.
But the company added that it “requests (s) to respect the UK government and protect the rights and legal interests of Jenji as a foreign investor throughout this process.”
Jingye UK said she will participate in “active communication” to “search for a suitable solution that guarantees a bright future for British steel.”
The statement came at a time when China accused the British politicians of “arrogance, ignorance, and (a) a twisted mentality” after a. Criticism On the country’s participation in the origins of the United Kingdom in the wake of the epic.
“A letter of anti -Kina for some individual British politicians is very ridiculous,” the Beijing Embassy in London said, in the comments. It was posted on its website She also defended Jenji’s actions.
The embassy said that the Chinese company was “funded” to keep the British steel on its feet. “If it was not about the participation of this Chinese company, British steel workers may have already faced the risk of unemployment.”
UK’s business minister Jonathan Reynolds announced at the end of the weekend that Chinese companies are no longer welcome in the steel industry in Britain.
On Sunday, he was asked whether he would bring a Chinese company to the British steel industry in the future, Rynolds Sky News told: “I do not, no. I think the steel is a very sensitive field.” He added that the British government was in the past “very naive” regarding the British -Chinese trade.
On Monday, Downing Street said that the UK government will take a “steady and long -term strategic approach to managing relations” with Beijing, but it will not rule out allowing the Chinese buyer to take over local steel assets in the future.
The UK government’s decision to control British steel, which aims to save the last two melting oven in the country and 3,500 jobs, threatens to exacerbate trade relations with Beijing.
The Chinese Embassy said that although the United States “was practicing a tariff stick against all countries, the United Kingdom, including, and participating in the one -sided trade bullying and a load, these British politicians continue to encrypt the Chinese government and Chinese institutions instead of criticizing the United States.”
“What on Earth?” He added.
Dumby British steel bought insolvency in March 2020, pledging to invest 1.2 billion pounds in the steel maker. Long talks with the UK government on taxpayers support to help them move to more green production forms last week.
Jingye rejected an offer of 500 million pounds from ministers to invest in green technology after searching for up to one billion pounds for a project of 2 billion pounds to build two electric arc furnaces on its main location in Scunthorpe.
The government said that it intervened after the ministers realized that Jenji was determined to allow the son -in -law of the son -in -law, the last two in the United Kingdom, to close. The closure had left the United Kingdom as the only G20 without the ability to make basic steel.
Although Reynolds said finding a third party buyer was the preferred option for the government, he admitted that nationalization is likely.
Ministers work with British managers in the company to secure the raw materials needed to keep the ovens work. On Monday, the government approved the appointment by the British from two of its long -term employees as a temporary executive and chief commercial official.
Jinji said in her statement that over the past five years, she “remains unusual” in her commitment to improving the process and sustainable development of British steel.
He added that the company has made “investments in the decisive project to ensure the regular production and operation of the solid British”, despite the challenges such as Britain’s exit from the European Union, Covid-19.
“We have protected more than 4,800 jobs and have provided high -quality products and services to local and international customers, and thus contribute to the economic growth of local societies. This is a clear fact for everyone,” Jenny said.
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F689df431-a986-4c6e-a3df-45ed4c6c18f5.jpg?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
Source link