Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

China calls for united EU after Brexit

China's premier has called for a united and stable EU in the wake of Britain's vote to leave.

Chinese Premier Li Keqiang

China's premier has called for a united and stable EU in the wake of Britain's vote to leave. (AAP)

China's premier has called for joint efforts to restore global economic confidence following the shock of Britain's vote to leave the European Union.

Last Thursday's referendum "has had an obvious impact on international financial markets. We are seeing increasing uncertainties in the world economy," said Li Keqiang, speaking at the World Economic Forum in the eastern city of Tianjin.

The unusually direct comments by China's top economic official reflected the scale of official concern about the impact from turmoil in the 28-nation European Union, the country's top trading partner.

"Under such circumstances, we need to jointly handle challenges, strengthen confidence and create a stable international environment," Li told an audience of Chinese and foreign businesspeople. He gave no details of possible joint initiatives.

Li said Beijing wants to see a "united and stable" European Union and a "stable and prosperous" United Kingdom - a possible reference to concern the vote might inspire separatist sentiment in other EU nations or portions of Britain.

Chinese leaders had taken the unusual step of publicly urging Britons to stay in the EU ahead of the vote.

During a visit by President Xi Jinping to London in October, the Chinese foreign ministry issued a statement that called Britain "an important member of the EU" and expressed hope it would play a role in promoting Chinese-EU ties.

The ruling Communist Party is in the midst of a marathon effort to reduce reliance on exports and nurture more self-sustaining growth based on domestic consumption. But those plans call for holding exports steady to protect employment.

China also is a big and growing investor in Britain. Chinese companies have acquired the makers of MG autos, London taxi cabs and Weetabix breakfast cereal. Its sovereign wealth fund owns a stake in London's Heathrow Airport.

London is the second-largest centre outside mainland China for settling transactions in the Chinese currency, the yuan.


2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world