GOODBYE EU,HELLO CHINA!.docVIP

GOODBYE EU,HELLO CHINA! 　　The United Kingdom is experiencing its worst identity crisis since the end of World War II， according to panelists discussing the repercussions of the British vote to leave the EU. What role will China play in the UK’s efforts to redefine itself following its historic referendum？ 　　As the 2016 G20 Hangzhou Summit looms on the horizon， experts convened in Beijing on August 11 to discuss the future of the UK， Europe and those regions’ relationships with China. At the meeting， Jiang Shixue， Deputy Director of the Institute of European Studies at the Chinese Academy of Social Sciences， said that China hopes that the bilateral relationship it has with the UK will continue to move forward despite Brexit. 　　Jiang was steadfast in his belief that China wants to go global and wants to go anywhere there is money to be made， highlighting the fact that the UK is still a popular destination for Chinese investment. Nonetheless， Brexit has somewhat tarnished the UK’s image， since its economic ties to mainland Europe were one of its main drawing points. 　　“The UK will not be as sexy as before，”said Jiang， “But on the whole， the UK still is one of the best places for Chinese investment to go to， since [it has] very nice manufacturing capacity， infrastructure， legal system and one of the best financial systems in the world―China is ready to offer a helping hand if its economy is in trouble.” 　　The economy does face uncertainty as the Bank of England’s decision earlier this month to cut interest rates to depreciate the British pound could backfire on the UK， since it requires increased investment from abroad in order to succeed. This is a hard sell since the country is expected to undergo major political and economic changes for the foreseeable future. 　　Furthermore， the UK’s Office for National Statistics said on August 16 that import prices for metals， oil， food and other products grew by 6.5 percent year on year in July， the fastest rate in five