Top envoy says UK has huge potential

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Editor: Johnathan Meyers | Tactical Investor

Top envoy says UK has huge potential

China’s top envoy to the UK said 2017 will be a year for consolidating the China-UK “Golden Era”, in spite of challenges that some Chinese businesses in the UK may face from Brexit, especially those in the financial industry and companies with EU headquarters in the UK.

“The China-UK relationship is now at a historic moment, and it is time to lock in what has been achieved and seek further progress,” said Liu Xiaoming, China’s ambassador to the United Kingdom, in an exclusive interview with China Daily. “There is huge potential to be tapped and bright prospects for cooperation.”

Liu made his remarks in tandem with the publication of a British government policy document on Thursday that clearly sets out the way in which the UK will be withdrawn from the 28-member European Union.

The White Paper details 12 major principles, including the way the UK will control its immigration and arrangements for trade. The document is seen to be in line with British Prime Minister Theresa May’s vision of building Britain into “an independent, truly global UK”.

Reiterating China’s position on Brexit, the ambassador said: “We respect the choice of the British people. We respect Britain’s independent choice of its own development path. And we hope the UK and the EU will reach an early arrangement that is acceptable to both sides.”

He also said he is optimistic about the Brexit negotiations. “I believe, when there is a problem, there is always a solution.” Full Story

Why Brexit is a turning point for Europe-Africa relations

The UK’s exit from the EU could be an opportunity for African countries. Britain is repositioning itself, and the power dynamics in Brussels are changing. Can African governments leverage the changes to their advantage?
There’s a new player on the world stage. Alright, let’s rephrase that. An old player is trying to redefine itself – the United Kingdom. On January 31, Britain officially leaves the European Union. And the UK has no qualms showing that it’s focusing on its future outside the bloc.

British Prime Minister Boris Johnson skipped this year’s World Economic Forum in Davos to focus on Brexit. During that week, he hosted more than a dozen African heads of state at the UK-Africa Investment Summit in London. Deals worth nearly $8 billion (€7.3 billion) were announced. The message was, Britain is ready to do business with Africa.

“Britain has to find new partners that they can work with in the long run to build their economy,” says Mark-Anthony Johnson, the CEO of JIC Holdings.

“Africa of course, with its huge potential, will make the ideal partner,” adds the investor, who was also involved in organizing the summit.

The UK wants to be the continent’s “investment partner of choice,” but it has quite a bit of catching up to do.
The City of London is one bright spot. With 112 African companies with a market capitalization of around $166 billion listed on the London Stock Exchange, it is the most important center for Africa Full Story

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