Monday, 27 June 2016

China's Li says Brexit has increased global uncertainty

Britain's vote to leave the European Union has increased uncertainty in the global economy, and China hopes for a united and stable EU and a prosperous United Kingdom, Chinese Premier Li Keqiang said on Monday.

Stock markets around the world plunged in the wake of Thursday's referendum, while sterling's value has also plummeted.

Britain's vote "has showed its impact on the international market and further increased uncertainties in the global economy", Li told the World Economic Forum (WEF) in the northern city of Tianjin, in the first public comments on Brexit by a top Chinese leader.

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