In These New Times

A new paradigm for a post-imperial world

Pound continues Brexit decline as Japan and China voice UK investment fears

Posted by seumasach on June 27, 2016

“I want to make it clear that Europe is an important partner for China and China will continue to be committed to maintaining the growing China-EU relations and China-UK relations,” Li said in his speech at the World Economic Forum in Tianjin, according to Kyodo.

Notice the primacy given to China-EU relations. Presumably the Chinese have noticed that Gove and company are intent on destabilizing the EU and are reaffirming their support for it. At the same time they will not wish to reward the Brexit junta for their anti-EU machinations. Inward investment is the only thing that can hold up the UK economy although the whole country seems blind to this simple fact.

Guardian

27th June, 2016

Officials in Japan and China warned of new threats to the health of the UK and global economy in the aftermath of Britain’s leave decision as the pound continued to fall and Asian markets on Monday struggled to recoup heavy losses.

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