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Comment by msuniverse2026 | Hacker News Reader

msuniverse2026

Interesting how they haven't repeated in this article earlier claims that the Chinese purchase of the steelworks was a strategic move to slowly destroy the blast furnaces by letting them cool under pretext of low demand.

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The state intervened to stop the Chinese from sabotaging their furnaces. Seems like an open and shut case unless you have 5 eyes intelligence sources.

See also Chinese companies buying UK private schools and closing them down

Original: https://www.telegraph.co.uk/news/2026/07/02/chinese-company-...

https://archive.is/dRQsB#selection-2155.4-2155.79

Choice quote from the article

  Mike Parker, the school’s director of marketing, wrote on LinkedIn: “Whatever you read, this isn’t a VAT story. It isn’t a ‘falling rolls, unstoppable decline’ story. The truth is deeper and more complex and, eventually, the truth will out.”

UK private schools spent decades ingratiating themselves to Eastern European gangsters, Arab tyrants and the scions of Asian oligarchs probably including CCP kids. China-pandering has also undermined university education, although the individual Chinese students tend 5o be okay.

I suppose you reap what you sow.

I don't know what happened in that particular case but worldwide declining birth rates will inevitably force many schools to close.

Sounds like classic private equity, no? Buy it, sell off all the valuable parts, close it down, repeat.

Who needs the Chinese to ruin your country when your own people will happily kill successful companies for the tiniest scrap of profit?

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