Essay代写：The impact of brexit on China's economy－r51due

下面为大家整理一篇优秀的essay代写范文- The impact of brexit on China's economy，供大家参考学习，这篇论文讨论了英国脱欧对中国经济的影响。英国在宣布脱欧之后，自身的经济增长、财政和外部收支平衡等都受到了一定程度的冲击，原本可以共享“单一市场”的通道也将会随之消失。这势必还会影响到中资企业在英国的业务发展，中资企业将会调低在英国长期投资的项目。中资企业面向欧盟的贸易往来、金融业务和人员流动等都不再像之前那样畅通了。这就迫使在英国投资的中资企业被动地调整其经营战略。

In recent years, China's outbound investment has been growing rapidly and in a large amount. One of the reasons is that China has excess capacity. Non-financial direct investment by Chinese companies in the UK exceeded us $13 billion, and the UK has become the second largest destination for Chinese investment in eu countries. The British people who left the eu proposed that in the future, they could discuss with China alone the establishment of a free trade area and reach a china-uk free trade agreement. As shown in figure 1, taking some major commodities as an example, from 2015 to 2016, China's export to the UK accounted for the proportion of China's total export of similar commodities to the UK. It is not hard to see from the chart that brexit has little impact on China's export, and some commodities have a slight upward trend.

Executive chairman of templeton emerging markets group, has "the godfather of emerging markets," said mark mobius once said in an interview in London, Britain to take off the will only accelerate the investment and financing "center of gravity" shift to Asia. This will contribute to closer economic and trade cooperation between China and the UK, while better addressing China's overcapacity problem. China has just set up the investment Banks, and is strongly "neighbourhood" all the way, in the economic development strategy, China should take this opportunity to strengthen cooperation in various fields with Britain, achieve win-win trade.

For China today, the eu is the largest trading partner and plays an important role. For the full year of 2015, for example, the UK accounted for 16.7 per cent of China's $356 billion in exports to the eu. The eu, meanwhile, is China's biggest importer, accounting for 9 per cent of imports from the UK. After brexit, the trade gap in the European market, the European Union is divided and the economy is in recession, which is not conducive to the development of the United States, and at the same time weakens the power to balance China. This has created ample space and opportunities for Chinese companies to "go global" more, and given the eu more opportunities for dialogue with China. China can trade directly with the eu market rules, problems such as direct dialogue, and combining with "neighbourhood" policy of promoting and geopolitical influence, in the long run, China's relations with the eu, the UK will become more harmonious, and solved the economic aspects of the United States, China and Europe to formation of the tripartite confrontation situation.

Monetary authorities in major economies will have to maintain or even expand loose monetary policy in order to cope with the uncertainty caused by brexit and prevent liquidity risks. A more relaxed global monetary environment and increased demand for risk aversion will help China's financial reforms. Since the central bank to the central parity of RMB exchange rate formation mechanism reform, the United States started raising interest rates again, domestic residents and enterprises to increase the sharp rise in dollar assets, reduce the demand for dollar debt, China's capital outflows stress significantly increased, leading to a sharp fall in the number of China's foreign exchange reserves. At this time, brexit is highly likely to prompt the major central Banks to maintain ultra-loose policies and usher in a favorable time window for China's financial reform.

The peripheral monetary easing policy is conducive to China's flexible use of sound monetary policy, and the interest rate liberalization mechanism is easier to play a role. Reasonable loose liquidity is likely to let financial institutions have greater freedom, can according to the market supply and demand and risk to a reasonable interest rate pricing, make the cash price elasticity, so as to more effectively meet the financing needs of the real economy. A deeper understanding of central bank policy and greater transparency in the pricing mechanism of RMB exchange rate are conducive to stabilizing expectations and promoting two-way fluctuation of RMB exchange rate. The CFETS exchange rate index fell just 0.19 per cent in the five days after the June 24 referendum, less than most non-us dollar currencies, according to wind information. At the same time, the RMB exchange rate depreciation is not accompanied by the market panic purchase, reflects the market main body behavior more rational, realize that the current value of the yuan are affected by the short-term external shocks, rather than a fundamental change. All this will help to boost market confidence in the RMB, so that existing exchange rate forming mechanism can operate in a more orderly way and enhance the flexibility of the RMB exchange rate. In contrast to the internal and external environment, the attraction of renminbi assets is gradually increasing, and the pressure on China from cross-border capital outflows tends to ease.

Obstacles to globalisation will force China to deepen its internal structural reforms. The brexit vote not only caused a significant impact on the process of European integration, but also triggered a rethink of global governance. China's huge internal market and enough resilience can better cope with shocks and balance internal and external development. When external markets are volatile and external demand is weak, China still needs to strengthen its internal efforts, resolve the internal structural problems and make up for the external problems. Supply side structure reform's core is to improve the quality of supply, through the reform to promote structural adjustment, enlarge effective supply, improve the supply structure for requirements change the adaptability and flexibility, so as to realize the balance between supply and demand of higher level. So China? Economic transformation of the current strategy is the best response to the changes of international environment, we should have a sense of urgency, to promote structural reform, the transition of old and new growth engine, with the steady development of Chinese economy, to play the positive spillover effect to the world economy.

Most of the Chinese companies investing in the UK have adopted the strategy of "relying on the UK and facing Europe", and the trial of the UK is a major bridge for China to enter the European market. These enterprises mainly include the following categories: investment in finance, infrastructure projects; Acquisitions of British companies, including British brands; Setting up research and development centres in the UK; Set up a headquarters in the UK to sell to the European market.

After Britain leaves the eu, its own economic growth, fiscal and external balance of payments will be impacted to some extent, and the channels that could share the "single market" will disappear. It will also affect the business of Chinese companies in the UK, where they will scale back their long-term investments. The flow of trade, financial services and people from Chinese companies to the eu is no longer as smooth as before. This has forced Chinese companies investing in the UK to adjust their business strategies passively.

In March 2016, London overtook Singapore as the second largest offshore renminbi clearing centre after Hong Kong. London was also a key part of the original RMB internationalization strategy. This brexit is bound to affect London's status as an international financial centre. After brexit, the monetary dividend disappeared, the liquidity of the local financial market in London decreased, and the financial market business of London, such as foreign exchange and precious metals, would also be affected. China's financial institutions will have to pay a lot of adjustment costs if the UK's strategy of promoting the renminbi in Europe is blocked.

All five of China's largest commercial Banks have branches or subsidiaries in the UK, with Chinese companies in the UK as their key customers. However, as mentioned in the previous section, the economy of Chinese enterprises in the UK is bound to be affected by political factors, causing huge fluctuations, which will bring a lot of losses to the banking industry. At this critical juncture, Chinese Banks need to reassess the UK's role in their "going global" arrangements and think about how to build links between UK institutions and the eu market.

There is great uncertainty in the follow-up process of brexit, which also brings great changes to the development of the global economy. Since China's reform and opening up more than 30 years ago, the economies of China, the UK and the eu have become interdependent. As mentioned above, the UK plays an important role in the internationalization of RMB. The eu has long been China's largest trading partner, and China has been the eu's largest source of imports and second largest trading partner for many years. This shows that the economic cooperation between China and the UK and Europe has great influence on each other. As the brexit process continues, Europe as a whole will be in a period of change. How to deal with this change has become a major and urgent issue for China.

All in all, brexit is not just a political issue. It will be a great challenge to the economies of China, Britain and Europe. China should fully recognize the significance of china-uk and china-eu cooperation, efforts to strengthen mutual cooperation in foreign, security and other fields, comprehensive and appropriately, to assess the effect of Britain to take off the emphasis in economic relations change according to its corresponding policy adjustments, to better promote the economic growth, benefit the people all over the world.

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