British companies in China optimistic about Brexit’s effect
- Nearly two-thirds of UK businesses in mainland China say they don’t think Brexit will affect revenue, while 47 per cent say effect will be positive
British companies in China say the UK’s exit from the European Union could boost business in the Asian giant, according to a survey published on Tuesday.
Nearly half of 212 British companies that took part in the survey, or 47 per cent, think Brexit could have a positive impact on business if London and Beijing strike a free-trade agreement, according to the British Chambers of Commerce in China.
Fewer than eight per cent think the opposite.
Some 27.6 per cent of surveyed British firms said they believed continued uncertainty over Brexit would have a negative impact on their revenue in China, while 61.1 per cent said it would have no bearing.
Overall, the survey results showed a high level of optimism among British companies in China, despite geopolitical uncertainties in the global economy, such as the US-China trade war and the slowdown of China’s economy.
