Brexit

by Yongwei, Xiaoqi, and Haimei

Britain was released from the European Union on June 23rd, 2016, and it caused problems in Britain.

Of the 28 EU member states, the UK has the biggest doubts and rejection of the EU. Britain has never been a full member of the European Union because of its European identity.

The advantage of brexit is that there is no need to pay membership fees, and consumers can benefit from the UK, which saves 933 pounds a year. Britain will influence the world as an independent country. The downside is that the UK economy will be under great pressure, finance is the pillar industry in the UK, and its development is very important to the UK economy. London, as a financial centre for Europe and the world, will face competition from other European countries and multinationals. The brain drain will be reduced and Britain's financial sector will have a bigger negative impact. In addition, the rapid decline in the EU's international influence has exacerbated conflicts among EU members.

Brexit could be a double-edged sword for China's relationship with Britain. Britain will speed up to establish closer economic cooperation with China, but the rise of populist forces may lead to the emergence of protectionism and isolationism, domestic influence the overall situation of Sino-British relations "golden age".