Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said.
Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.
But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.
And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.
Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.
Brexit makes a UK-China trade deal more likely, say officials from both countries as the Chinese blast 'frustrating' EU
Chinese trade official Xing Houyuan says Brexit will 'push China and the UK to make a trade treaty'
British trade minister Lord Price says he's 'optimistic' about future deals
Ex-Waitrose boss is in Hong Kong discussing future trade relationships
China Commerce Ministry says Brexit will 'create more chances in different fields for new investment'
China is frustrated by the EU says state-backed trade organisation official
By Matt Dathan, Political Correspondent For Mailonline
7 July 2016
Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said.
Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.
But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.
And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.
China's Commerce Ministry spokesman Shen Danyang also gave a positive outlook, telling China Daily that Brexit will 'create more chances in different fields for new investment'.
Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said. Last year relations between China and the UK thawed after President Xi Jinping's state visit to Britain, pictured meeting David Cameron in Mansion House, central London
He predicted global currency fluctuations caused by Brexit would not do lasting damage to Chinese investments in the UK, which would not be affected in the long-term.
Contrary to claims during the referendum campaign that leaving the EU would leave Britain isolated and cut off from the global economy, the developments suggest Brexit could open up Britain to new opportunities.
A treaty with the UK could be fast-tracked after years of China being 'frustrated by the EU,' China Daily reported.
As a member of the EU Britain has not been able to negotiate individual trade deals with countries for years, with Brussels responsible for negotiations.
It means Britain has been left without trade deals with the likes of Canada, Australia, Japan, China, the US and other countries because the EU has so far failed in attempts to secure deals.
There are fears that this left the UK with few trade specialists who have the experience of striking trade deals.
Oliver Letwin, the Cabinet Office minister tasked with preparing the Government's Brexit negotiations, said his unit is identifying how many staff it needs and said private sector staff will need to be hired, as well as the prospect of asking experts to 'train high-flying young civil servants'.
David Cameron (right) took President Xi Jinping (left) to his local pub in Oxfordshire during the China premier's state visit to the UK last November
Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.
Speaking to the British Chamber of Commerce in Hong Kong, he said: 'I'm optimistic about the future: particularly in helping create a second Elizabethan Golden Age.
'The first Golden Age was based on peace, prosperity, new trading markets and a flourishing of the arts.
'There's also a prospect for striking new deals with Canada, New Zealand and Australia which could form the beginning of a Commonwealth trading pact.'
'And to the opportunities in the East, where for centuries British merchants have traded with China for tea, white gold and porcelain as well as with Japan, South Korea and other Asian nations.'
He also said the UK is working towards 'a continued close trading relationship with Europe'.
Echoing Lord Price's positivity, Mr Shen told China Daily: 'The global investment environment will be more transparent and create more chances in different fields for new investment.
'Therefore, Chinese companies' outbound direct investment will remain positive and stable.'
Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.
But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.
And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.
Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.
Brexit makes a UK-China trade deal more likely, say officials from both countries as the Chinese blast 'frustrating' EU
Chinese trade official Xing Houyuan says Brexit will 'push China and the UK to make a trade treaty'
British trade minister Lord Price says he's 'optimistic' about future deals
Ex-Waitrose boss is in Hong Kong discussing future trade relationships
China Commerce Ministry says Brexit will 'create more chances in different fields for new investment'
China is frustrated by the EU says state-backed trade organisation official
By Matt Dathan, Political Correspondent For Mailonline
7 July 2016
Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said.
Xing Houyuan, an official at the state-backed Chinese Academy of International Trade and Economic Cooperation, said China was being frustrated by the EU.
But now Britain has left, he said the 'situation in Western Europe will push China and the UK to make a trade treaty,' he told the state-owned China Daily newspaper.
And British trade minister Lord Price, a former boss of Waitrose, is currently in Hong Kong where he said he is 'optimistic' about future trade deals with 'new trading markets' in the East.
China's Commerce Ministry spokesman Shen Danyang also gave a positive outlook, telling China Daily that Brexit will 'create more chances in different fields for new investment'.
Brexit makes the prospect of Britain striking a trade deal with China more likely, trade officials from both countries have said. Last year relations between China and the UK thawed after President Xi Jinping's state visit to Britain, pictured meeting David Cameron in Mansion House, central London
He predicted global currency fluctuations caused by Brexit would not do lasting damage to Chinese investments in the UK, which would not be affected in the long-term.
Contrary to claims during the referendum campaign that leaving the EU would leave Britain isolated and cut off from the global economy, the developments suggest Brexit could open up Britain to new opportunities.
A treaty with the UK could be fast-tracked after years of China being 'frustrated by the EU,' China Daily reported.
As a member of the EU Britain has not been able to negotiate individual trade deals with countries for years, with Brussels responsible for negotiations.
It means Britain has been left without trade deals with the likes of Canada, Australia, Japan, China, the US and other countries because the EU has so far failed in attempts to secure deals.
There are fears that this left the UK with few trade specialists who have the experience of striking trade deals.
Oliver Letwin, the Cabinet Office minister tasked with preparing the Government's Brexit negotiations, said his unit is identifying how many staff it needs and said private sector staff will need to be hired, as well as the prospect of asking experts to 'train high-flying young civil servants'.
David Cameron (right) took President Xi Jinping (left) to his local pub in Oxfordshire during the China premier's state visit to the UK last November
Lord Price spoke about 'helping create a second Elizabethan Golden Age' by striking new deals with Commonwealth countries such as New Zealand, Australia and Canada and also with economies in the Far East such as China, Japan and South Korea.
Speaking to the British Chamber of Commerce in Hong Kong, he said: 'I'm optimistic about the future: particularly in helping create a second Elizabethan Golden Age.
'The first Golden Age was based on peace, prosperity, new trading markets and a flourishing of the arts.
'There's also a prospect for striking new deals with Canada, New Zealand and Australia which could form the beginning of a Commonwealth trading pact.'
'And to the opportunities in the East, where for centuries British merchants have traded with China for tea, white gold and porcelain as well as with Japan, South Korea and other Asian nations.'
He also said the UK is working towards 'a continued close trading relationship with Europe'.
Echoing Lord Price's positivity, Mr Shen told China Daily: 'The global investment environment will be more transparent and create more chances in different fields for new investment.
'Therefore, Chinese companies' outbound direct investment will remain positive and stable.'
