Brexit could be very bad for China

 

The United Kingdom’s apparent decision to leave the European Union could be very bad news for China. The U.K. has been its biggest economic ally in the E.U.  Further, Chinese investments in the U.K.  itself may suffer. The British have long pushed within the E.U. for freer trade with China  while other members have feared being economically overwhelmed by cheap imports from China.

“The U.K. leadership always said they would be the guys pushing for China’s interests in the West and the European Union,” a Western diplomat in Beijing  not authorized to be quoted by name in foreign media told The Washington Post. “This is quite bad news for China.”

To read The Post story, please hit this link.