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Looking at the brighter side of UK leaving EU

By Harvey Morris | China Daily | Updated: 2017-04-01 07:54

Theresa May, the British prime minister, gave formal notice to the European Union of the country's intention to leave the bloc on Wednesday, nine months after the outcome of a referendum that surprised and disheartened many of the United Kingdom's international partners.

The narrow victory for the "Brexit" camp dismayed not just Britain's 27 partners in the EU but also important trading partners further afield, including China. Concerns over the consequences of the referendum dented confidence in markets worldwide, including a temporary downward 1 percent blip in Chinese shares.

Just ahead of the referendum, the Global Times, a Beijing-based newspaper, had pointed out that London was an important hub for the internationalization of the renminbi and that a Brexit would cast a shadow over China-EU trade ties.

Looking at the brighter side of UK leaving EU

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