The UK move to take over British Steel fuels a brewing dispute with China amid political leadership change in London.
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A Chinese company is demanding compensation from the United Kingdom government for investment losses following the nationalisation of a steel plant last week.
Jingye Steel asked the UK on Sunday to immediately stop “trampling on international investment rules” and to promptly, fully and effectively compensate the company for all investment losses incurred in the decision to nationalise British Steel.
