US EditionUK business minister Reynolds to visit China later this year, Guardian reports
- Talks between ministers and Jingye, the Chinese owner, over the Scunthorpe plant, broke down recently.
- Jingye's plan to halt raw material orders prompted government intervention to prevent blast furnace damage.
- The government procured raw materials, including coking coal, which arrived in the UK on Tuesday.
- Reynolds stated the difference was with one company; the PM's spokesman cited a rigorous assessment regime.
- MPs and others call for guidelines on Chinese investment in strategic sectors like steel and infrastructure.
12 Articles
12 Articles
The Straits Times
WTVBUK business minister Reynolds to visit China later this year, Guardian reports
LONDON - Britain's business minister, Jonathan Reynolds, will travel to China later this year in a bid to boost trade and investment between the two countries, the Guardian newspaper reported on Tuesday. Read more at straitstimes.com.
Sky News UK
WTX NewsWas Reynolds nobbled by Number 10 over China?
After initially appearing adamant that China should not have a role in Britain's steel industry, the business secretary is now suggesting his issue was only with the specific company involved.
UK business minister to visit China to boost trade
Britain’s business minister, Jonathan Reynolds, will travel to China later this year in a bid to boost trade and investment between the two countries, the Guardian newspaper reported on Tuesday. Asked about the media report, Reynolds’ office, the department for business and trade, said they were taking a “consistent and strategic approach” to Britain’s trade relationship with China. The department, which did not confirm Reynolds’ trip, said they…
Was Reynolds Nobbled By Number 10 Over China? - Great Yorkshire Radio
And the latest evidence for that is a series of bizarre twists in the political fallout over Scunthorpe steelworks and China. First, the business secretary, Jonathan Reynolds, has unexpectedly performed a shock U-turn on Chinese involvement in steel. And second, those sworn Brexit enemies the Liberal Democrats and Reform UK have agreed on one thing: they want nothing to do with China. Politics latest: US ‘working very hard’ with UK on negotiatin…
UK cautious over future Chinese steel investment - Business Fast
Michael Race and Tom Espiner Business reporters, BBC News BBC News Business Secretary Jonathan Reynolds The government has admitted it would “look at a Chinese firm in a different way” when considering investment in the steel industry after being forced to seize control British Steel. Business Secretary Jonathan Reynolds said steel is a “sensitive sector” after key raw materials needed to keep the company’s blast furnaces running finally reach…
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