China firmly opposes and strongly disapproves of Britain's decision to nationalize British Steel and urged fair treatment of Chinese firms in the UK, according to China's Ministry of Commerce on Friday. British Steel was owned by Jingye Steel, a private Chinese steel company that injected a massive amount of capital into the business after taking it over, keeping it afloat after years of losses.Britain has forcibly taken over the company under the pretext of national security and disregarded Jingye's contributions to the British economy and society, a spokesperson for China's Ministry of Commerce said. Britain's move ... (full story)