China's ambassador to UK: Deal shows confidence in bilateral partnership

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China’s multi-industrial conglomerate Jingye has now taken over the reins of UK company British Steel. The deal prevents the closure of the company’s Scunthorpe site and safeguards around 4,000 jobs. Chinese Ambassador to the UK Liu Xiaoming said having the deal concluded amid the global COVID-19 outbreak proves China’s confidence in the UK market after Brexit.

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