How China is a potential winner in Britain-EU breakup - News Summed Up

How China is a potential winner in Britain-EU breakup


"Both the UK and the EU need that kind of cooperation with China under the current circumstances. BEIJING: China is a potential winner if Britain and the European Union rework trade deals and look for investors after a British exit.Beijing faces a blow from weaker European demand for its exports and pressure to hold its yuan steady in turbulent currency markets. "China will benefit from industrial development experience in the UK," said Lu. "I do recommend seizing the opportunity to establish China-UK free trade to enhance bilateral cooperation between the two countries. "One of the benefits China can gain from 'Brexit' is a stronger and closer economic relationship with the UK and even with the EU," said Zhang Lihua, director of the Center for China Europe Relations at Tsinghua University in Beijing.


Source: Times of India June 27, 2016 10:52 UTC



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