meta_pixel
Tapesearch Logo
Log in
The News Agents

Is China trying to sabotage British Steel?

The News Agents

Global

Daily News, News, Government, Politics

4.24.3K Ratings

🗓️ 14 April 2025

⏱️ 39 minutes

🧾️ Download transcript

Summary

Is China trying to sabotage British industry? That’s the warning from a group in parliament. Some ministers may quietly agree. But they can’t say it out loud. So what should our strategy be? As the UK Government takes over the running of a Chinese owned company called British Steel, where does that leave our trade relationship with Beijing? Are we embracing China or running a mile? And what exactly is China planning to build now in the heart of the city of London?

Don’t forget you can also subscribe to our other News Agents podcasts via the link below:

https://linktr.ee/thenewsagents

The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

EXCLUSIVE NordVPN Deal https://nordvpn.com/thenewsagents Try it risk-free now with a 30-day money-back guarantee

Transcript

Click on a timestamp to play from that location

0:00.0

The Newsagents podcast is brought to you by HSBC UK, opening up a world of opportunity.

0:09.1

This is a global player original podcast.

0:12.7

The Chinese are on a charm offensive.

0:16.0

They would like the rest of the world to see them as the free trade champions, the people who obey the rules

0:23.6

of world trade and are to be trusted more than the Americans. But this weekend the government

0:30.6

was forced to take direct control of British steel, amid concern that Beijing had bad intentions.

0:40.3

Ministers actually fear the company was planning to sabotage the whole site in order to feed

0:47.3

us Chinese steel at a much cheaper price. So should we trust them or should we run a mile? Welcome to the newsagents.

0:59.1

The newsagents. It's John. It's Emily. It's Lewis. And it sounds like there are ambulances with their

1:05.6

blue lights flashing and sirens blaring, rushing towards Scunthorpe with coking coal and iron ore to keep open

1:13.7

a steel plant, the only one left in Britain where virgin steel is made. And it comes as the government

1:21.6

is essentially saying, or seems coming close to be saying, we don't trust the good faith of the Chinese owners of this company.

1:30.0

And that's why we're having to pull every string possible to try to keep the Scunthorpe blast furnaces open.

1:38.2

There have been some pretty extraordinary accusations running around over the last 48 hours,

1:42.3

some of which have been offered a bit gingerly from the

1:44.4

government, but which nonetheless are still there. There is still, as we're sat here now,

1:48.3

a question mark over whether despite the fact the government has taken over the day-to-day

1:53.3

running of this works, there is still a question mark as to whether or not the blast furnaces

1:58.4

can be kept online because you need those essential raw materials

2:02.7

John that you just spoke about, the limestone, the coke and coal and so on to get there. And there is,

2:07.4

and has been made the accusation that the Chinese company, Jingye, purposefully played for time

2:12.9

to allow those raw materials to run down and slowly deplete, to put the plant in a situation

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Global, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Global and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.