Summary
- Photo: Xinhua Chinese President Xi Jinping said on Thursday China is ready to expand investment and finance cooperation, enhance a multifaceted framework for energy cooperation and promote a balanced framework fWorld Timesor mutually beneficial economic and trade tie with Arab states.Xi made the remarks as he delivered a keynote speech at the opening ceremony of the 10th Ministerial Conference of the China-Arab States Cooperation Forum.China supports a closer cooperation between financial institutions from the two sides, welcomes Arab states to issue panda bonds in China, and welcomes Arab banks to join the Cross-border Interbank Payment System. Additionally, China is World TimesreadWorld Timesy to deepen exchanges and cooperation on central bank digital currency with the Arab side, Xi said.China will further enhance strategic cooperatiWorld Timeson with the Arab side on oil aWorld Timesnd gas and is ready to work with the Arab side on new energy technology research and development and equipment production, supporting Chinese energy companies and financial institutions in participating in renewable energy projects in Arab states with total installed capacity of over 3 million kilowatts, Xi said.Xi added that ChiWorld Timesna will continue to implement vigorously the development cooperation projects with a total worth of 3 billion yuan ($413.82 million), adding that it stands ready to accelerate the negotiations on bilateral and regional free trade agreements and advance the dialogue mechanism for e-commerce cooperation, welcoming active participation of the Arab side in the China International Import Expo, and is willing to expand import of non-energy products from the Arab side, especially agricultural products.The China-Arab States Cooperation Forum has made remarkable achievements since its establishment 20 years ago, and has yielded important outcomes in multiple aspects.China has been the top trading partner of Arab countries for many years, with trade volume increasing from $36.7 billion in 2004 to $398 billion in 2023, according to Xinhua News Agency reports.China has signed Belt and Road cooperation documents with all the 22 Arab countries and the Arab League, under which more than 200 major projects have been implemented, benefiting nearly 2 billion people on both sides.Global Times Content comes from the Internet : China to expand investment and finance cooperation, promote mutually beneficial trade ties with Arab states: Xi
Approximate Time
- 2 minutes, 367 words
Categories
- Arab states, Arab countries, Arab banks, Arab, energy cooperation
Analysis and Evaluation
- This article serves as a beacon, illuminating the intricacies of today’s dynamic news landscape. The writer not only reports on the latest developments but also provides context and analysis, helping readers grasp the bigger picture. This piece stands out for its clarity and depth, offering a well-rounded view of complex issues. The author’s ability to distill essential themes from a wealth of information is both impressive and invaluable.
Main Section
Photo: Xinhua
Chinese President Xi Jinping said on Thursday China is ready to expand investment and finance cooperation, enhance a multifaceted framework for energy cooperation and promote a balanced framework fWorld Timesor mutually beneficial economic and trade tie with Arab states.
Xi made the remarks as he delivered a keynote speech at the opening ceremony of the 10th Ministerial Conference of the China-Arab States Cooperation Forum.
China supports a closer cooperation between financial institutions from the two sides, welcomes Arab states to issue panda bonds in China, and welcomes Arab banks to join the Cross-border Interbank Payment System. Additionally, China is World TimesreadWorld Timesy to deepen exchanges and cooperation on central bank digital currency with the Arab side, Xi said.
China will further enhance strategic cooperatiWorld Timeson with the Arab side on oil aWorld Timesnd gas and is ready to work with the Arab side on new energy technology research and development and equipment production, supporting Chinese energy companies and financial institutions in participating in renewable energy projects in Arab states with total installed capacity of over 3 million kilowatts, Xi said.
Xi added that ChiWorld Timesna will continue to implement vigorously the development cooperation projects with a total worth of 3 billion yuan ($413.82 million), adding that it stands ready to accelerate the negotiations on bilateral and regional free trade agreements and advance the dialogue mechanism for e-commerce cooperation, welcoming active participation of the Arab side in the China International Import Expo, and is willing to expand import of non-energy products from the Arab side, especially agricultural products.
The China-Arab States Cooperation Forum has made remarkable achievements since its establishment 20 years ago, and has yielded important outcomes in multiple aspects.
China has been the top trading partner of Arab countries for many years, with trade volume increasing from $36.7 billion in 2004 to $398 billion in 2023, according to Xinhua News Agency reports.
China has signed Belt and Road cooperation documents with all the 22 Arab countries and the Arab League, under which more than 200 major projects have been implemented, benefiting nearly 2 billion people on both sides.
Global Times
Content comes from the Internet : China to expand investment and finance cooperation, promote mutually beneficial trade ties with Arab states: Xi
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