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Chinese companies working in Britain need to brace for Brexit - Ambassador to UK

Chinese companies working in Britain need to brace for Brexit - Ambassador to UKThat may be coded support for the defeated "remain" camp, as the bloc - China's largest trading partner - will lose around a sixth of its economic output and an important supporter of free trade in the EU, unnamed diplomatic sources told Reuters.

Prior Britain's vote to exit the European Union in June last year, China had not directly stated an opinion, viewing it as an internal matter and saying only that it wanted to see a strong and stable Europe.

British Prime Minister Theresa May set out her vision for Brexit in a speech in mid-January, outlining plans to leave the EU single market in a clean break with the bloc.

In an interview with the official China Daily published on Tuesday, Chinese Ambassador Liu Xiaoming repeated China's position that Beijing respects Britain's choice and hopes for an early arrangement between Britain and the EU acceptable to both.

"I believe, when there is a problem, there is always a solution," he said.

Britain has worked hard to attract Chinese investment, including in the financial sector, giving Chinese companies a London-based entry into the EU market.

"Chinese companies in these sectors should take precautions," Liu said, without elaborating.
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