Business World

China’s top diplomat to visit Britain amid ‘Brexit’ uncertaint­y

-

BEIJING — China’s top diplomat will visit Britain this week for regular talks and a meeting with Prime Minister Theresa May, China’s Foreign Ministry said on Monday, amid uncertaint­y about the process of Britain leaving the European Union (EU).

Britain has been a popular choice for Chinese investment, with many firms seeing it as a springboar­d for the far larger European Union market.

But those plans could be at risk with the concerns surroundin­g what kind of market access Britain will get in future, given its vote in June to leave the EU.

State Councilor Yang Jiechi, who outranks the foreign minister, will be in Britain from Monday to Wednesday for a regular dialogue on strategic issues, Ministry Spokeswoma­n Hua Chunying told a daily news briefing.

He will also meet British Foreign Secretary Boris Johnson, and talk about a range of issues, not just Sino-British ties, Ms. Hua said, adding she could not predict whether “Brexit” would directly come up.

“But China’s position on this is very clear. ‘Brexit’ is an issue for Britain and the EU. We hope that they can appropriat­ely handle the issue via talks and consultati­on,” Ms. Hua said.

“For China, we believe that Britain is a great country with important internatio­nal influence. We hope to work hard with Britain to further promote the developmen­t of relations.”

Diplomatic sources say China has been seeking clarity from Britain about its “Brexit” plans, nervous about what it means for Chinese companies in particular.

Ms. May has said she will trigger Article 50 of the Lisbon Treaty, the formal process of leaving the EU, by the end of March to start two-year exit talks.

However, her plans for those negotiatio­ns have been shrouded in secrecy and businesses and investors fear Britain might seek a “hard Brexit,” where controllin­g immigratio­n takes priority over access to the European single market. —

Newspapers in English

Newspapers from Philippines