BEIJING, July 17 (Reuters) - China said on Friday it ?firmly opposes and strongly disapproves of Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms ?there.
Britain nationalised British Steel on Thursday, ?fully taking over the loss-making company ?that was previously owned by Chinese ?steelmaker Jingye, in an effort to ?protect the future of steel production in the country.
The British side had "forcibly" taken over the ?company and "disregarded" Jingye's contributions to the ?British economy and society, China's commerce ministry said in ?statement.
The ministry said Britain's move "seriously damaged" Jingye's legitimate rights and interests, and "severely undermined" Chinese companies' confidence in investing ?in Britain.
It ?said ?it would closely monitor developments and support Chinese firms in ?protecting their rights, urging Britain ?to ?fulfil obligations under the China-UK Investment Protection Agreement.
The statement did not say ?what ?protecting Chinese companies' rights ?might entail.
