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Business / Economy

Brexit brings pains and gains for different groups

(China Daily) Updated: 2016-06-27 08:15

Brexit brings pains and gains for different groups

London's iconic Tower Bridge, Feb 26, 2015. [Photo/IC]

Britons in China:

For British nationals working and living in China, Brexit-related meltdown of the pound sterling could spell an opportunity to own more of their own currency with the same level of salary earned in renminbi. This was not apparent when the pound strengthened in the run-up to Thursday's referendum, when "smart money" was on the bet that 'Remain' would win by a narrow margin.

Other than that, Brexit won't have an immediate impact on their life in China. As a sovereign state, the UK has healthy political and economic ties with China. The British passport has either "European Union" or "European Community" embossed on its cover, but since nationality remains British, no problems are foreseen on this front. So, Brexit could actually help Britons in China to get their hands on a nice chunk of home currency.

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