下面为大家整理一篇优秀的essay代写范文- The impact of Britain's successful brexit on China,供大家参考学习,这篇论文讨论了英国成功脱欧对中国的影响。英国成功脱欧,无疑会弱化英国作为中欧联系的桥梁、纽带作用,将迫使中国转移部分对英国的投资,促使已在英投资企业被动调整经营战略。另外,脱欧也会影响中欧贸易、投资谈判进度,其原本对欧盟决策的影响力将大打折扣,短期内中国与欧盟的谈判进度或受影响。
The impact of brexit on the UK, the eu and the global economy has been widely discussed. Moody's and fitch have made it clear that they will downgrade Britain's sovereign credit rating in the event of brexit. Because this move will have a negative impact on Britain's trade, investment and labor market, threatening economic growth. For China, although brexit did not directly impact China, it will inevitably affect China due to the close links between China and the UK, central Europe and even the UK and the eu in trade, finance and other fields.
"Brexit" will weaken the role of the UK as a bridge and link between China and the eu. Britain is one of the main Bridges for China to enter the European market, and it plays a unique role in both politics and economy. For example, the first European country to join the Asian infrastructure investment bank, the first western developed country to cooperate with China in the development of nuclear power projects, has always actively supported China's free market economy status and served as an important platform for the internationalization of RMB. To some extent, Britain has promoted and deepened China's cooperation and development in the region more actively than other European countries. Therefore, China prefers a united Europe to a divided one, especially a lose-lose situation in which both sides are weakened by the "brexit". Therefore, in the event of "brexit", the influence of the UK in the region and the world will be affected in the short term, and its role as a bridge and link between China and Europe will decline. In this case, China will have to adjust its strategy to adapt to the new environment.
Brexit would force China to shift some of its investment into the UK. In recent years, China's investment in the UK has gradually expanded in depth and breadth, such as the purchase of shares in barclays, bp, weetabix, Anglo American, Thames water, heathrow and Manchester airports. CGN has invested 6 billion pounds in and participated in the construction of hinkley point nuclear power project in the UK. China is expected to invest $150bn in UK infrastructure by 2025, according to international law firm pincus mason. If the UK leaves the eu, China is expected to scale back its long-term investment in the UK because it will no longer have access to eu markets through the UK. At the same time, it is believed that other countries will take similar actions based on the same considerations.
"Brexit" will prompt companies that have invested in the UK to adjust their business strategies passively. Chinese companies' investments in the UK generally fall into the following categories: first, investment banking securities, power, energy and infrastructure construction; Second, the acquisition of British enterprises including brands; Third, it set up its headquarters in the UK to sell products to the European market. Fourth, set up a research and development center in the UK, similar to huawei. Therefore, if the United Kingdom leaves the European Union, the "single market" channel that could be Shared will disappear, and the trade, movement of people, financial flows and other things that used to use the United Kingdom as a springboard to face the European Union will no longer be as free and smooth as before. Many Chinese companies are expected to change their uk-oriented, european-oriented business strategies and may relocate their headquarters to other eu member states.
"Brexit" will affect the process of RMB internationalization. Over the years, China and the UK have enjoyed close, rich and unique cooperation in the financial field. In particular, the UK has made positive contributions to the internationalization of the RMB. In 2013, the UK became the first western developed country to sign a currency swap agreement with the people's bank of China. In October 2014, the UK became the first foreign government to issue RMB government bonds, and RMB was included in the UK's foreign exchange reserves for the first time. At present, the London stock exchange has launched 35 kinds of RMB bonds, and RMB foreign exchange trading has increased six times in the past four years. In 2014, the overall foreign exchange trading volume increased by 143% year on year, and the average daily trading volume reached 61.5 billion us dollars. RMB deposits in London reached 20 billion yuan at the end of 2014. The UK has played an important role in leading the innovation of RMB products, facilitating the inclusion of RMB into SDR, promoting the RMB to become a reserve currency and promoting the internationalization of RMB. Andrew bailey, deputy governor of the bank of England, has said London would lose its right to remain a global financial centre without the eu. Therefore, if the UK leaves the eu, London's status as one of the world's top financial centers may be challenged, which will have some impact on the internationalization of RMB.
"Brexit" will affect the progress of china-eu trade and investment negotiations. The eu is now China's largest trading partner. In terms of exports, the eu is China's second largest export economy. In 2015, China exported us $356 billion to the eu, including us $59.6 billion to the UK, accounting for 16.7%, only second to Germany. In terms of imports, the eu is China's largest import economy. In 2015, China imported 208.9 billion us dollars from the eu, including 18.9 billion us dollars from the UK, accounting for 9%. In terms of trade balance, China had a surplus of 147.1 billion us dollars with the eu in 2015. At present, China and the eu are negotiating free trade and investment agreements. Within the eu, the UK has been actively supporting and promoting the process of trade liberalization between China and the eu. Therefore, after brexit, the original influence of the UK on eu decision-making will be greatly reduced, and the above negotiation progress between China and the eu may be affected in the short term.
The only impact is likely to impact the currency exchange rate of Asian countries. If the United Kingdom successfully leaves the European Union, it will cause a severe depreciation of the pound, which will lead to the withdrawal of funds in Asia and risk aversion, leading to the devaluation of the currency exchange rate of some Asian countries due to a large number of capital outflows. As a rule of thumb, the Malaysian dollar and the Indonesian dong will be hit hardest.
Second, the impact on China will not be huge. Unlike Greece, which is in poor economic condition and heavily in debt, Britain is more likely to leave the eu in order to get rid of the "burden". Britain's economy has outperformed most of the eu in recent years. The latest GDP figures, for example, show that Britain's GDP grew by 2% a year, compared with 1.7% in the eu. In addition, the UK has to pay billions of pounds of membership dues to the eu every year, and many economic and financial policies are restricted by the eu, so it is not only necessary to pay money but also uncomfortable. Brexit may be more self-interested.
Especially in the financial sector, since many of Britain's financial sector in the European Union which, perhaps can be obtained due to take off the loosening, and strengthen cooperation with the UK and China recently years, in the past few years, the British sovereign bonds, the world's first western renminbi issue and the people's bank President xi jinping during his state visit to the UK in 2015, in London for the first time issued 5 billion yuan bill. Coupled with the accelerated pace of internationalisation of the renminbi, London, the world's largest foreign exchange trading centre, is undoubtedly the best platform.
Under such circumstances, the UK's departure from the eu will, on the contrary, strengthen the further cooperation with China in the financial field, which is also in line with the "One Belt And One Road" policy communication, especially the concept of financing.
More importantly, if Britain leaves the "organization" and "goes it alone", it will make Britain more inclined to cooperate with China in a wider range. After all, a person who has been the "first brother" of the world knows better the mentality of the "second brother" who wants to pursue progress, which makes it easy for China and the UK to hit it off in many fields.
Since the United States has formulated the strategy of returning to the asia-pacific, China is faced with a sharp increase in the pressure on its surrounding environment, and it is urgent to find new partners to ease the economic and political pressure jointly exerted by the United States, Japan and other countries. Like China, the eu suffers from too much American intervention to reduce its autonomy in international trade. Under such circumstances, the eu has become an important strategic partner for China to cope with the pressure from America, and the UK is an important link for China to open the door of the eu.
Since 2015, trade between China and the UK has become more frequent, creating more and more common economic interests. In order to achieve mutual benefit and win-win results, the UK began to gradually transform its role in the eu into an important supporter and partner of China. For example, it vigorously lobbied the eu to recognize China's market economy status to help China achieve tariff reduction.
On top of that, the UK is also pushing hard for a china-eu free trade agreement. If the multi-billion dollar deal is signed, it will generate huge trade orders for China and help fully open up the European market. The successful implementation of the trade agreement may have a huge impact on the us-backed trans-atlantic trade and investment, and become an important measure for China to cope with the gradually tightening us policy towards China.
However, once the UK leaves the eu, China's strategic plan to strengthen cooperation with the eu through the UK will become extremely difficult. Britain's leaving the eu is no less than indirectly breaking the invisible cooperation bond between China and the eu, which makes China have to choose other ways to intensify the cooperation with the eu. Besides, the influence of various policies and trade laid down in the early stage is also likely to be greatly reduced and become a high sunk cost.
With nearly 500 million potential customers in the European market, China has a strong development prospect. However, after decades of development, the European market has become highly integrated, with its own mature market model and close cooperation between local brands, which has shut out many Chinese enterprises.
Faced with this situation, many Chinese enterprises choose the strategy of saving the country by a curve, breaking into the British market, which is relatively easy for Chinese enterprises, and then breaking into the European market based on it. Many Chinese companies have set up branches or even headquarters in the UK, hoping to gain preferential tariff policies from other eu countries through the links between the UK and the eu. In addition, many Chinese enterprises have extended their tentacles into the value manufacturing chain, expecting that the cooperation with the UK can expand the possibility of technology transfer between China, the UK and even the eu, and break down the trade barriers of high and sophisticated technologies established by the us and other countries, including some large enterprises.
If the UK votes to leave the eu, it will block the strategy of Chinese companies looking to break into European markets. Wang jianlin, China's richest man, once commented that Britain would lose a lot of trade and investment from Chinese companies if it left the eu. During a recent visit to the UK, he said Chinese companies might consider moving their European headquarters elsewhere if the UK left the eu. As he predicted, many Chinese companies have suspended negotiations on investment cooperation with the UK, waiting for the referendum result before making any further plans.
Now, the RMB has just joined the international monetary fund's monetary package, an important step in the internationalization of the RMB. China is promoting policies to settle trade in yuan with major trading partners, thereby consolidating and strengthening the yuan's international influence. The UK has been a big supporter of China in this regard - London has become the second-largest offshore renminbi clearing centre after Hong Kong.
London has always been the financial services hub of the European Union, which has greatly facilitated those financial companies headquartered in the UK. These are the equivalent of schengen, which has branches in other eu countries, and do not require re-registration in the target country. As a result, China USES London as an important base for the flow of yuan through European markets.
However, once the UK leaves the eu, this currency dividend will cease to exist, and the cost brought by the RMB strategy promoted by the UK in Europe will also be greatly increased. By contrast, the UK is no longer the best strategic partner to promote the internationalization of RMB.
On the whole, brexit will have some impact on china-uk and china-eu trade. If the UK stays in the eu, China can continue to step up cooperation as planned. However, after the UK leaves the eu, the UK and the eu will sign a "separation" agreement in various fields in the next two years, which will bring great instability to the economic operation. This means that China needs to re-formulate a more prudent strategy to promote the cooperation with the eu.
At that moment, when the final vote was counted and the leave vote was won by less than 4 percent, many britons did not even know what the result of the referendum meant to them and what it meant to Britain. More than three million people then petitioned for a "second referendum" to give them a chance to take brexit seriously again.
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