Brexit's benefit in the long term
After the United Kingdom's vote to leave the European Union on Friday, stock markets in Europe, North America and Asia have plummeted.
Some Chinese economists worry that Brexit may cause difficulties for China's plan to strengthen its strategic partnership with the EU through the UK, and that a possible trade protectionist approach by the EU following the UK's departure will negatively affect China's trade with the bloc.
Such worries are unfounded in the long term. It is certain to have a short-term impact on China's exports. However, in the long run, the UK's exit from the EU will create favorable political and economic conditions for China's further "rise" on the world stage, given that an EU without Britain will weaken its previous advantages in its competition.
