China's Jingye buys British Steel, says it will invest $1.5 billion

China's Jingye Group bought British Steel out of insolvency on Monday as it revealed plans to invest $1.5 billion in the steelmaker and "preserve thousands of jobs".

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[daskapital]

And the Brits confuse themselves with Chinese and Vietnamese

[curtiscarpenter]

What will CANZUK do for this, demand drives productivity.

[BrokenArrow_]

Socialism bailing out capitalism. Wow, who would've thought of that, shouldn't it be the other way around according to Pompeo?

[corrinetsang]

the finished steel demand will raised by 1.7 %world wide

[peteryoungpeteryoung]

Shock horror!! The Chinese have bought British Steel off the Indians. You could'nt make it up.

[catonpillow]

How the mighty have fallen. China should learn from the mistakes of the US and UK empires, never abandon your manufacturing sector, especially the heavy industry part of it. Keep it alive and well and your country will continue to prosper.

[hotsoup]

The Brits showed up with their opium, the Chinese show up with their rescue package. Looks like kindness has more staying power

[corrinetsang]

britist steel will make rails for uk high speed rail.

[leecokeley]

why don't the British government buy it and save the jobs insead of sending billions in aid to overseas ! they (our government) prob thinking about giving themself a pay rise !

[dow]

The ex owner of BRITISH steel made a smart move

[Wintry_Jasmine]

Sadly British must breaking U.S. heart😥

[abdulharithibrahim]

Yellow people came to rescue white people...

[daisukekinoshita]

JingYe get out of british now..
better invest in Italy or Greece..