Brexit creates new opportunities in Asia
By Zhou Mo and Cherry Lin in Hong Kong | China Daily | Updated: 2016-07-30 07:43
Britain's exit from the European Union has caused widespread concern over its negative impact on the global economy, but some researchers and experts said they believe it can also be seen as "a new beginning" with more investment opportunities and freer international relations.
Brexit, which has led to a lower exchange rate between the pound and yuan due to the pound depreciation, will reduce the risks for Chinese companies to do business in the United Kingdom, said Jo Hawley, director of trade and investment at the British Consulate-General in Hong Kong.
Property buyers from China will find it cheaper to invest in UK properties. Also, Chinese tourists and students visiting and studying in Britain will have lower yuan-denominated expenses.
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