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


More from World

Bob Dylan website drops reference to Nobel Prize in Literature

US singer-songwriter Bob Dylan's official website has removed a reference to his Nobel Prize in Literature, news...

UN Rights Council members push for inquiry of Aleppo war crimes

Western and Arab countries on Friday pushed for an inquiry into war crimes committed against civilians in the Syrian...

Being in ICC prevents peacekeeping work, says departing South Africa

South Africa announced Friday that it will leave the International Criminal Court, saying its ICC membership...

Magnitude-6.6 quake hits western Japan, no tsunami warning issued

A 6.6-magnitude earthquake struck a large area of western Japan on Friday, the Meteorological Agency said, but there...

Seoul: Failed rocket test shows "limits" of North Korean technology

A failed rocket test carried out by North Korea on Thursday demonstrates the "limits" of the communist country's...