Brexit’s Minimal Impact on China, Says Central Bank Official – Reuters

BEIJING – Following Britain’s decision to leave the European Union, global liquidity is expected to tighten. However, a senior official from China’s central bank has stated that the impact on China will be minimal, and the country will continue to experience reasonable economic growth.

Yao Yudong, head of the People’s Bank of China’s Research Institute of Finance and Banking, addressed a forum in Beijing, where he discussed the expected effects of Brexit. He noted that it is likely to influence currency markets and that central banks around the world will respond to changes in liquidity and fluctuations in asset prices.