The cost of British Steel nationalization: What comes next?

A Chinese company stepped in to save British Steel when few others would. Six years later, the UK government has stripped it of control. Was this a commercial decision, or another sign that geopolitics is rewriting the rules of global investment? What comes next? Who ultimately stands to pay the biggest price? And what lessons does this case hold for Chinese companies investing overseas? More importantly, could it reshape how China and the rest of the world view cross-border investment amid rising geopolitical tensions? Host Tu Yun joins John Gong, Professor of Economics, University of International Business and Economics in Beijing, Mike Bastin, a China observer and senior lecturer at the University of Southampton, and Bai Xianyue, Partner, Grandall Law Firm Tianjin Office for an in-depth discussion of the British Steel nationalization saga.