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MOC confident on Sino-European trade after Brexit

Xinhua, July 5, 2016 Adjust font size:

China is confident about Sino-European trade ties despite Britain's vote to leave the European Union, a Ministry of Commerce (MOC) spokesperson said on Tuesday.

The MOC will work with Europe and Britain to strengthen cooperation, and will respect Britain's decision to leave, Shen Danyang said.

The European Union is China's largest trade partner and a key investment partner and Britain is China's second largest trade partner in the European Union.

Shen said Brexit had aggravated problems in the global financial market in the short term, bringing uncertainties to Chinese enterprises and their investment overseas, "but we believe the direct shocks are limited."

In the long term, the international investment environment will settle down with new investment opportunities, according to the spokesperson. Endi