China wishes both the EU and the UK prosperity and success in the future. With Brexit having little relevance in China-EU relations, it should not become a distraction in developing and improving ties.

The relationship between China and the United Kingdom was close, especially in economic terms, though as Jonathan Holslag argues, China may need to find a new preferred partner. Europe is at a juncture: it remains to be seen whether frustration about alleged unfair competition from China will lead to a much more protectionist trade policy, whether the European Commission grants China Market Economy Status, and whether a fragmented European position on trade could strengthen China’s own geopolitical position.

The EU has long served as a magnifier of the UK’s role in the world. It is hard to imagine how the UK would punch above its weight in today’s world, even for a nation that boasts of past world hegemon status, unrivalled experience in global engagement and continuing hard power.

EU engagement in Central Asia has been reactive than proactive. U.S. withdrawal in Afghanistan, and the amalgamation of EU expertise and the Chinese financial power may significantly help mitigate the effects of poverty in Central Asia. Yet, at this stage these prospects are detached from the reality and embody rather normative aspirations.

The just concluded 2016 Munich Security Conference further deepened people's concerns over an increasing disorder in international situation. Although a war among major powers is unlikely to happen, the possibility of an escalation of conflicts cannot be excluded. Scholars expert in national security are pessimistic about the prospects of the Syria and Ukraine crises. They also harbor deep misgivings about the struggle for power vacuum in Afghanistan, Mali, Libya and Yemen, among varied non-state actors that are fueled by extremist ideology and conflicts between religious sects and ethnic groups.

The establishment and operation of the AIIB can strengthen China’s influence in global economic governance, and China will further take part in setting the international economic and financial rules, creating a better environment for its economic development.

If Washington embraces cooperation instead of pursuing rivalry, all partners can harvest good results, and the US can still be a powerful partner. Why not do so?

Britain knows that in order to propel its economy, China and other Asian economies are indispensable partners. While stronger China-UK ties signal a changing international landscape and the diminishing predominance of the United States, they also open a path for Washington and other Western capitals to boost ties with China.

Accelerated interaction between China and the UK, one a big emerging country the other a seasoned world power, will present another case of successful big-country cooperation. Bilateral cooperation could not exist unless it is win-win, an example for a changing world order.

The move by China to create the AIIB doesn’t imply intention to control the bank; instead it is an attempt to enhance its “soft power,” while avoiding typical international norms of competing for hegemony. Europe’s participation has rendered the AIIB international credibility; yet China is wary that the new institution is already over-politicized even before its official launch and operation.