The UK government on April 12, 2025, through an emergency bill, forcibly took over British Steel, which is controlled by China's Jingye Group. This action has triggered strong opposition from China and is regarded as the UK's political interference in Chinese-funded enterprises. The UK government claims that the company has been losing money continuously since being acquired, with a daily loss of about 700,000 pounds and an annual deficit of 233 million pounds. The Chinese side believes that the UK's move is a politicalized intervention in Chinese-funded enterprises.