China, UK discuss trade ties, British Steel issue in ministerial call
( July 30, 2026, 01:33 GMT | Official Statement) -- MLex Summary: China and the UK agreed to deepen cooperation in services trade, green transition and other sectors while seeking to keep bilateral trade balanced, China's Ministry of Commerce said in a statement on Wednesday after Commerce Minister Wang Wentao held a video call with newly appointed UK Secretary of State for Business and Trade Jonathan Reynolds. Wang also urged the UK to comply with international rules and its obligations under the China-UK bilateral investment treaty in resolving the British Steel nationalization issue, saying China was concerned about its impact on Chinese investors. Reynolds said the UK understood China's concerns and would appoint an independent third-party assessor under relevant laws, abide by the assessment's findings and provide reasonable compensation, adding that the issue should not undermine broader UK-China economic and trade ties.Statement follows (in Chinese). ...
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