Ministry: Brexit impact will not last long

Global currency fluctuations caused by the Brexit vote won't continue for long and won't affect long-term outbound investments by Chinese companies, the Ministry of Commerce said on Tuesday.

Shen Danyang, the ministry's spokesman, said China will closely follow Britain's development and its subsequent influence during the post-Brexit era, noting that China has a strategy of developing China-Europe and China-British business ties.

Outbound direct investment by both State-owned enterprises and private companies from China to the EU reached a record of $23 billion in 2015, while Chinese investment in the United Kingdom totaled $3.3 billion, data from the China Council for the Promotion of International Trade showed.