China protests UK takeover of British Steel, cites 1986 treaty
Why it matters: London now controls a plant with 2,700 direct jobs as Beijing weighs how to defend Jingye’s investment rights.
BBC News (World), Bloomberg
Why it matters: London now controls a plant with 2,700 direct jobs as Beijing weighs how to defend Jingye’s investment rights.
London plans to appoint an independent valuer in the autumn to calculate compensation for Jingye, which could be worth nothing.