Despite long-term uncertainties, Brexit offers a treasure trove of potential opportunities for China-U.K. and China-European Union (EU) relations in the future, with China eyeing a potential free trade agreement with the U.K. for wider world market entrance and RMB internationalization, Chinese experts said.
The U.K.’s breakaway from EU membership opens the door to freer trade with China, currently the U.K.’s sixth largest export destination and third largest source of imports. Reciprocally, it could allow Chinese products that meet U.K. standards to enter a vast swath of Commonwealth nations in Africa, Latin America and South Asia, according to Wei Jianguo, vice chairman of Beijing-based think tank China Center for International Economic Exchanges (CCIEE) on Friday.
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