Brexit: China will be more prudent about UK M&A

Chinese companies will wait and see following the UK's decision to exit the European Union in terms of investments and acquisitions in the country.
NDRC chairman Xu Shaoshi speaks at the World Economic Forum in Tianjin
NDRC chairman Xu Shaoshi speaks at the World Economic Forum in Tianjin

Chinese companies will “wait and see” the impact of the UK’s decision to exit the European Union in terms of conducting investments and acquisitions in the country, the World Economic Forum heard in Tianjin on Sunday.

Brexit has led to more uncertainties and risks to the world’s economy and this will make Chinese entrepreneurs wait and see before they invest or acquire assets in the UK. The event of Brexit is quite likely to trigger capital outflows and the falls of asset prices in the UK,” Xu Shaoshi, chairman of the National Development and Reform Commission, said at the three-day event.

The...

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