Reports said that Brexit will be both good and bad for China, but for online shopper's at least, the "leave" verdict only means great news. (Photo : Getty Images)
Varying opinions are now plaguing the social media and online news websites on whether or not the United Kingdom’s decision to leave the European Union (EU) through “Brexit” is good for China.
On one side, Bloomberg explains that Brexit is basically the depiction of what the Chinese Communist Party fears about a democratic government.
While the U.K. is hardly a democratic country, its acceptance of the referendum which was taken into vote on June 23 is clearly an acceptance of the notion of democracy, the outlet explained.
Pointing out another negative for China is an article from Fortune, which explains that the U.K.'s departure is terrible news for the reforming economy of the Asian country.
"Economically, Brexit is terrible news for China," the outlet said. "Even though the U.K., which had $78.5 billion in bilateral trade with China in 2015, is not among China's top trading partners, Brexit could have an outsize impact on China's future export performance."
Furthermore, Fortune believes that the single emanating message Brexit is giving the world is "the end of globalization as we know it."
However, the same article noted that though economically bad for the country, Brexit is far from being a geopolitical threat to China.
In fact, it believes that Brexit's "aftershocks" are definitely beneficial for the Asian giant in terms of its so-called rethought European strategy.
"A united and strong Europe is no longer in China's interest because of the risk that the United States and Europe could form a strategic alliance to gang up on Beijing in the same way they contained the Soviet Union," Fortune explained.
With the EU divided, China becomes more powerful since the EU nor the U.K. can no longer be a significant strategic partner for the United States, in what seems to be a war between the East and the West.
