The spokesperson of the Ministry of Foreign Affairs answered questions from reporters on the nationalization of British Steel.

Question: It was reported that on the 16th, the British government announced the nationalization of a British steel company based on the Steel Industry Act, taking over the company previously owned by the China Jingye Group, and establishing a compensation mechanism through secondary legislation to independently assess compensation matters. Prime Minister Starmer of the UK said that this decision safeguards the future of the British steel industry and protects technical jobs. What is China's comment on this? The Chinese Ministry of Commerce has already responded to this issue, which you can refer to. I want to emphasize that this matter has aroused high attention among the Chinese people. How the UK handles this issue will directly impact Chinese investors' perception of the investment environment in the UK and the credibility of the British government in the eyes of the Chinese people. China and the UK have an investment protection agreement, and the legitimate rights of investors must be fully protected under the law. China urges the UK to respect market principles and contractual spirit, and find a solution acceptable to both sides, including compensation. China supports companies in using legal means to protect their rights, closely monitoring the progress of the situation, and taking necessary measures to protect their rights when needed.