However, nowadays, the world is more competitive. Germany, France, Russia, Japan, and even India, are vying to play certain leadership roles in the world arena.
A less assertive and decisive Britain, especially being busy with Brexit, would probably become more ‘flexible’ politically and economically so as to protect itself from lagging behind.
It has been known that some major banks, including BNP Paribas and Credit Suisse, are planning to cut London staff, but the most staggering report is that, according to Reuters, Goldman Sachs is going to “move up to 1,000 London staff cut to Frankfurt”.
So, given the rising importance of the Chinese Yuan Renminbi business, a new British government would definitely be more “open for business” to the Chinese investments. Cases like the delays to the Hinkley Point nuclear plant would be less likely to happen again.
In the wake of Britain’s souring relationships with the Trump administration and the EU respectively, the UK-China tie would be a cosy one in the near future. Such a better tie, furthermore, is not simply for money, it can foster academic co-operation.
With reference to a Research Councils UK report 2015 on UK-China collaboration, the cumulative joint programme funding increased from less than GBP10 million in 2007 to almost GBP 160 million in 2015. The undergoing research topics are mainly on energy, health and life sciences, digital economy, environment and food security, and green growth and cities. Looking forward, with less political obstacles, it will be easier for these research projects to become fruitful, thus the world can benefit.
The opinions expressed are those of the author, and not necessarily those of China Daily Mail.
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