China's President Xi Jinping has called on UK Prime Minister Andy Burnham to safeguard the rights and interests of Chinese investors in the United Kingdom. The appeal comes in the wake of the British government's nationalization of British Steel, a company previously owned by China's Jingye Group.
During their first phone conversation since Burnham assumed office, Xi emphasized the importance of mutual respect and trust between the two nations. China had previously expressed strong dissatisfaction with the nationalization, and Jingye Group has sought compensation.
A readout from China's Ministry of Foreign Affairs indicated that Xi urged Burnham to collaborate on economic growth, stating that despite differing social systems, China and the UK share more common interests than disagreements. The President advocated for overcoming differences to foster mutually beneficial cooperation and economic development.
"It is hoped that the UK will fully protect the lawful rights and interests of Chinese investors," the Chinese readout stated. Xi also expressed a desire for strengthened exchanges and cooperation across bilateral relations.
Downing Street's account of the call affirmed a commitment to a long-term strategic partnership between the UK and China. A spokeswoman for Number 10 noted that both leaders, as permanent members of the UN Security Council and major economies, discussed pragmatic cooperation on advancing national interests and addressing global challenges. They also touched upon opportunities for economic growth and improving living standards.
Prime Minister Burnham indicated a willingness to engage frankly and constructively on issues of mutual importance. He also raised concerns including domestic security, Russia's war in Ukraine, Hong Kong, human rights, and consular cases.
Burnham's approach appears to continue the policy of his predecessor, Keir Starmer, who aimed to balance cooperation with challenging China on areas of disagreement. Starmer's premiership saw attempts to reset UK-China relations, including a visit to China earlier in the year aimed at fostering economic ties.
The nationalization of British Steel in July was described by the UK government as essential to maintain steel production at the Scunthorpe site and protect supply chains. Jingye Group had reportedly planned to close the facility's blast furnaces. Special measures legislation was enacted in April of the previous year to ensure the plant's continued operation, granting ministers powers to manage the company's assets.
