The United Kingdom's nationalization of British Steel, previously owned by China's Jingye Group, has drawn strong responses from the Chinese government and industry experts, who said the move undermines market principles and investor confidence while reflecting a broader global shift toward prioritizing industrial security.

China vows retaliation after the UK nationalizes Chinese-owned British Steel, protecting 4,000 jobs. Here's why the geopolitical fallout matters for crypto

China condemns UK nationalization of British Steel as a forced takeover, urging protection of Jingye Group's $1.6B investment under bilateral treaty.