[ad_1]
Trump China's trade war is a "plus" for the region
It is a plus, as it has attracted the attention and interest of China on the GCC, aiming to move the economic presence to the 5 star red flag of the American Stars and Stripes and become a main trading partner.
But what lies behind China's sudden manifestation of affection in the form of loans and philanthropy in the region, in what she calls the "oil and gas" model. gas"? ] A surprising, but welcome gift
Source: Reuters
The Middle East countries will have $ 20 billion in loans and about $ 106 million in financial badistance to revive their economy.
China's Arab Forum Held in Beijing this Week, in which 21 Arab Countries Participate, Reuters Reports
China produces half of its oil and gas supply and imports the other half of the Middle East East. Yet, the East Asian nation has always maintained a relative distance in its business relations, avoiding the political complications and other delicate issues that its trading partners are facing and opting instead to remain strictly professional
. proving that he will play an active role in many aspects and sectors of the region.
"Development has been key to solving many security problems in the Middle East," Xi said at a meeting with representatives from 21 Arab countries. "We should treat each other frankly, not be afraid of differences, avoid problems and discuss at length every aspect of foreign policy and development strategy," he said
. He also announced that a suburban consortium has announced an additional $ 1 million to Palestine to support economic development, in addition to providing an additional $ 91 million to Jordan, Lebanon, Syria and Yemen. .
Ks of China and Arab nations, with a dedicated fund of $ 3 billion, will also be set up.
READ: Abraaj court verdict on July 15: friendly departure, or legal battle?
"Oh hey," Middle East!
Dr. Altay Atli, a lecturer at Koç University in Turkey, stressed that China focuses only on the economic aspects of Middle East politics, but things have changed after the 2011 Arab Spring, with China isolated from the region. the reports of the Anadolu Agency, managed by the State.
"China continues to support and invest in the region during the financial changes, and in doing so, wants to join the round table with a say in Middle East politics and the economy. , which will be remodeled, "he added.
Another more obvious reason for this sudden change in the Chinese belt and road project.
<! –
The Belt and Road initiative was announced in 2013 by Chinese President Xi Jinping, a kind of restoration of the ancient silk trade route. The Road is a development project that will help link China to regions in the West, Central Asia, the Middle East and Europe.
According to the Action Plan on Belt and Road published in 2015, the initiative will encompbad (the "belt") and the shipping lanes (the "road") for the purpose of. improve trade relations in the region through investments in infrastructure.
With the Middle East largely involved in this project, the Chinese government can not afford either political or economic unrest hindering their efforts. Thus, while their laissez-faire attitude has served their economic interests in the past, China will have to adopt a more cooperative and stimulating role in the region if it seeks to achieve its ultimate goal.
READ: 'Most Wanted': Asian mbadive posse seeking the generosity of the GCC
WHAT HAS already cooked?
Last month, China Daily reported that Cainiao, the logistics arm of Alibaba, had signed a Memorandum of Understanding (MOU) with SkyCargo, the cargo subsidiary of Emirates Airlines based in the United Arab Emirates. This will enable both companies to streamline and improve the delivery of cross-border shipments, thereby boosting the e-commerce market in the region through its Aliexpress service.
Conversely, based in the United Arab Emirates an electronic business platform, announced the launch of two entities in China, one on the mainland and the other in Hong Kong, starting the midday operations in Asia.
In China, noon aims to establish reliable network of high-quality Chinese brand owners with unique offers, to bring the best range of products to Middle East customers.
The investor reports that the UAE, especially the Dubai Mall, should be a key beneficiary of the Chinese investment interest in the next few years. Major state-owned construction companies, such as the China State Construction Engineering Corporation (CSCEC) and China National Aero-Technology International Engineering Corporation, have already launched a number of projects.
For example, CSCEC is engaged in the residential sector, but also in retail and hospitality. The company is also active in other Emirates. In January, CSCEC signed an agreement with Ajman Holdings for the construction of a $ 136 million shopping center in Ajman, one of the emirates of the United Arab Emirates
China-Middle East relations will begin in the years to come up. will have far-reaching effects on the region's place on the international scene, as well as its place as a region of trade and commerce.
READ: Why Middle Eastern Businesses Do not Know How to Manage Data
Follow AMEinfo on Facebook LinkedIn ] and Twit
[ad_2]
Source link
