China warns against panic over Brexit

China on Sunday warned against alarmism over Britain's vote to leave the European Union and urged major economies to respond jointly to the challenge.

"We hope that our friends in the UK can handle it and calm down," Chinese Deputy Foreign Minister Li Baodong said during a debate at the World Economic Forum, dubbed the "Summer Davos," in the northern Chinese metropolis of Tianjin.

"It is a sudden challenge, but we cannot just panic," he added.

China had confidence in the economic foundations of Britain and the EU, Li said, adding that the world had an interest in a stable Europe.

He hoped that the EU and Britain would be able to agree on a stable transition, he said.

The three-day meeting in the 14-million-strong city near Beijing is attended by 1,700 economics and political experts and other participants from 90 countries.

Last update: Sun, 26/06/2016 - 13:57
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