13:41 GMT +319 October 2019
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    China's Prime Minister Li Keqiang delivers a speech at the OECD (Organisation for Economic Co-operation and Development)

    UK Exit From EU to Add Uncertainty to Global Economy

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    Britain Says 'Cheerio' to EU (463)

    Brexit is already affecting the international financial markets and will add uncertainty to the global economy, Chinese Premier of the State Council Li Keqiang said on Monday.

    MOSCOW (Sputnik) — The United Kingdom (UK) exit from the European Union (EU) is already affecting the international financial markets and will add uncertainty to the global economy, Chinese Premier of the State Council Li Keqiang  said on Monday.

    On Thursday, the United Kingdom held a referendum to determine whether or not the country should leave the European Union, with over 50 percent of the UK public voting in support of Brexit. Following the vote, UK Prime Minister David Cameron announced his resignation in October.

    "A few days ago, a referendum on UK exit from the European Union was held. Its impact on the international financial markets is already felt, and the uncertainly factors are also increasing in the global economy," Li Keqiang said at the annual summit of the World Economic Forum in Tianjin.

    Li Keqiang also noted that China is an important EU partner and would like to see "a single, stable European Union."

    "We want to see a single, stable European Union, and we also want to see a stable and prosperous UK. In the context of globalization, no country can remove itself from the world economy and talk only about its own development, so it is necessary to move forward hand in hand," Li Keqiang said.

    China has expressed increasing concerns over Brexit results, as London remains a key hub for Chinese renminbi-denominated trade activity, accounting for over half of all transactions outside of China, according to the UK government data.

    Britain Says 'Cheerio' to EU (463)


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