ZCZC
BCN-16
CHINA-ARABSTATES-B&R-TRADE
China signs Belt and Road cooperation documents with 18 Arabian countries
BEIJING, July 13, 2019 (BSS/Xinhua) – China has signed cooperation
documents on jointly building the Belt and Road with 18 Arabian countries,
the Ministry of Commerce (MOC) said Friday.
China-Arab joint efforts to push forward cooperation on the Belt and Road
has reached notable achievements, showing great potential and broad prospect,
Vice Minister of Commerce Qian Keming told a press conference of the fourth
China-Arab States Expo.
In 2018, bilateral trade volume between China and Arabian countries reached
244.3 billion U.S. dollars, jumping 28 percent year on year.
Chinese enterprises signed 35.6 billion dollars of new project contracts in
Arabian countries, with a yearly increase of 9 percent, while direct
investment from Chinese companies in Arabian countries totaled 1.2 billion
dollars, involving sectors such as energy, infrastructure and manufacturing.
Qian said China will further strengthen connections of development
strategies with Arabian countries so as to jointly build the Belt and Road.
Chinese enterprises and financial institutions are encouraged to deepen
cooperation with the Arabian side in sectors of port, railway, electricity
and telecommunications, said Qian.
More efforts should be made to promote cooperation between the two sides in
fields of low-carbon energy, finance and high technologies, he added.
The fourth China-Arab States Expo will be held in Yinchuan city, northwest
China’s Ningxia Hui Autonomous Region, from Sept. 5 to 8.
The expo will focus on fields including cross-border e-commerce,
infrastructure as well as trade and investment, aiming to promote mutually
beneficial cooperation between China and Arabian countries in these areas.
BSS/XINHUA/HR/1450