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China, the world's second-largest consumer of crude oil, has been trading in the oil-rich Middle East with a pledge of more than $ 23bn in loans and millions more in aid. [19659002] President Xi Jinping also wants to talk about the future of oil and gas in the United States. He believes it's a model that can create jobs and helps China's future energy requirements.
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China needs friends. |
Xi told Arab leaders that China would like to become a strategic partnership to become The Middle East plays a vital role in the trillion-dollar One Belt One Road Initiative, a megaproject that aims to link people in Asia, Africa and Europe via an ultramodern trade route. It is a reinvention of the ancient Silk Road for the modern age.
China is the largest trading partner of the region.
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So, what is behind Xi's latest economic charm in the Middle East?
"This is " Reuben Mondejar, professor for Asian initiatives at the IESE Business School at the University of Navarra, Barcelona. "10 years, 20 years, 30 years." Goal, they have already invested in Africa and South America for other resources. for the oil, the Middle East is the primary area, and the platform that they are conveniently using is the Belt and Road. " Mondejar believes it's all about timing," because of the current situation with the trade war and all of this isolationism, protectionism … But according to Mondejar, an economic partnership with the Middle East is more problematic than [with] South America, The Middle East is probably the most volatile region in the world, so China is stepping into a very difficult area. " Also on this episode of Counting the Cost : [1 9459020] Ethiopia-Eritrea peace: We examine how the economic landscape in the Horn of Africa is changing as a new era of peace looms. Mohammed Adow reports from Addis Ababa on the state of Ethiopia's economy. And Charles Robertson, chief economist at Renaissance Capital, discusses the challenges that lie ahead. From quantum computing to 3D printing: We look at the world's best innovators in 2018 and what it means if you live in Francis Gurry, Director General of the World Intellectual Property Organization, discusses the economics of innovation. Safe or Cancer Cause? Monsanto's Roundup, one of the world's most profitable and widely used weedkillers, goes on trial. Kristen Saloomey reports from New York. This tax must go: Malcolm Webb reports from Kampala on a protests against a government tax social media apps in Uganda. Source: Al Jazeera News [ad_2]Source link Tags amp business charm China East economic economy middle offensive Xi39s Related Articles |
