China, Arab states eye further production capacity cooperation

Economy 15:52 07.09.2019

Deals for 23 projects on production capacity cooperation, worth about 8.5 billion yuan (about 1.2 billion U.S. dollars) in total, were signed Thursday at a conference during the ongoing fourth China-Arab States Expo, Xinhua reports.

The projects cover various fields such as new energy development, photovoltaic cell production and rare metal processing and involve a number of Arab countries including Oman, Egypt, Saudi Arabia, Morocco and Mauritania, according to the organizer of the conference held in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region.

The event, jointly hosted by the Ministry of Commerce and the Ningxia Hui autonomous regional government, brought together more than 800 government officials and entrepreneurs from China and Arab states. They exchanged views on promoting cooperation to expand production capacity and two-way investment.

Ren Hongbin, China's assistant commerce minister, said at the conference that China-Arab cooperation in production capacity has been advancing steadily, particularly in the areas of energy, manufacturing, electricity and telecommunication.

Trade between China and Arab countries had been growing at an average annual rate of nearly 20 percent between 2016 and 2018. In the first half of 2019, bilateral trade hit 126.7 billion dollars.

While describing the China-Arab States Expo as an important platform for China and Oman to cooperate in trade and investment, Yahya bin Said bin Abdullah Al-Jabri, chairman of Oman's Public Authority for Investment Promotion and Export Development, said Oman has actively participated in the Belt and Road Initiative in recent years and has built the China-Oman (Duqm) Industrial Park in cooperation with China.

China-Arab economic and trade cooperation has gained steam in the past few years. Last year, trade volume between the two sides reached 244.3 billion dollars, up 28 percent year on year.

Hikmat Hajiyev: "Azerbaijan is a natural link connecting Central Asia and Europe" - VIDEO

News line

Greece's GDP shows highest growth among EU countries
Greece's GDP shows highest growth among EU countries
19:00 29.03.2024
Hezbollah fires at Israel with Iranian-made missiles
Hezbollah fires at Israel with Iranian-made missiles
18:19 29.03.2024
Azerbaijan's Dushbara is on list of tastiest dumplings worldwide
18:00 29.03.2024
EU-Armenia-US joint conference may encourage Armenia to new provocations - Azerbaijan's FM
17:47 29.03.2024
Melting Polar Ice Caps Slow Earth's Rotation, Delaying "Leap Second" Addition
Melting Polar Ice Caps Slow Earth's Rotation, Delaying "Leap Second" Addition
17:29 29.03.2024
EU Delegation to Armenia Signals Push for Stability in South Caucasus - Insights from Arnold Stepanyan
17:14 29.03.2024
Russian MFA calls 102nd Military Base only guarantee of Armenia's sovereignty
17:01 29.03.2024
"The Ukrainian army is addicted to gambling" - says Ukrainian MP
"The Ukrainian army is addicted to gambling" - says Ukrainian MP
16:50 29.03.2024
Why are the US and the EU arming Armenia? - Pundit talks on Ednews
16:39 29.03.2024
Erdogan to visit US on May 9
Erdogan to visit US on May 9
16:26 29.03.2024
Hulusi Akar, US congressmen mull Azerbaijan-Armenia peace process
15:52 29.03.2024
Russian ambassador sees no reasons to expect Russian-US ties to improve
15:36 29.03.2024
British army lifts ban on serving soldiers having beards
British army lifts ban on serving soldiers having beards
15:29 29.03.2024
Hikmat Hajiyev: "Azerbaijan is a natural link connecting Central Asia and Europe" - VIDEO
15:13 29.03.2024
Azerbaijan weather forecast for March 30
Azerbaijan weather forecast for March 30
15:00 29.03.2024
Tajikistan detains 9 people over Russian concert shooting
Tajikistan detains 9 people over Russian concert shooting
14:46 29.03.2024
Washington Is Forming A New Alliance - OPINION
14:32 29.03.2024
Individuals identified as drug users will not be admitted for service in Azerbaijani tax authorities
14:14 29.03.2024
Philippines' Catholic devotees nailed to crosses to re-enact crucifixion
Philippines' Catholic devotees nailed to crosses to re-enact crucifixion
14:00 29.03.2024
Umud Mirzayev: EU's South Caucasus Visit Aims to Maintain Regional Influence
13:45 29.03.2024
Public Television of Armenia Reveals Villages to be Returned to Azerbaijan
13:39 29.03.2024
Death toll of Israeli strike in Syria rises to 42, war monitor says - UPDATED
13:25 29.03.2024
Azerbaijan toughens penalties for non-compliance with rules of state of emergency regime
Azerbaijan toughens penalties for non-compliance with rules of state of emergency regime
13:12 29.03.2024
How will the EU's visit to the South Caucasus affect the peace process? - Former ambassador talks to Ednews
13:00 29.03.2024
Azerbaijan tightens sanctions for breaching special operation zone rules on religious extremism
12:45 29.03.2024
Azerbaijan toughens penalties for non-compliance with rules of social emergency environment regime
12:33 29.03.2024
About $7 bln of foreign direct investment was invested in Azerbaijan last year
12:00 29.03.2024
Number of people injured in Crocus City Hall terrorist attack reaches 382
11:48 29.03.2024
Media: Netanyahu rejected the Mossad Chief's proposal for a possible agreement in Gaza
11:37 29.03.2024
Azerbaijani Parliament's meeting kicks off
11:26 29.03.2024
An American couple founded a website, which identifies brands that support Israel
An American couple founded a website, which identifies brands that support Israel
11:07 29.03.2024
US scientists name infection more dangerous for brain than coronavirus
US scientists name infection more dangerous for brain than coronavirus
11:00 29.03.2024
Parviz Shahbazov: Foundations of 4 new renewable energy plants will be laid this year
Parviz Shahbazov: Foundations of 4 new renewable energy plants will be laid this year
10:50 29.03.2024
Japan eyes self-driving expressway lane network
10:40 29.03.2024
Oil prices end 1Q24 with strong growth
10:30 29.03.2024
SECRETS of the European Union's visit to the South Caucasus - Fikret Sadigov EXPLAINS
10:25 29.03.2024
Ammunition found in Khankandi
Ammunition found in Khankandi
10:10 29.03.2024
Iran’s top diplomat: Military presence of third countries in Caspian Sea goes against interests of region
Iran’s top diplomat: Military presence of third countries in Caspian Sea goes against interests of region
10:00 29.03.2024
Armenia officially announces freezing its participation in CSTO
09:50 29.03.2024
US hopes to return to purchase of 72 fighter jets per year amid budget cuts
09:38 29.03.2024
Hamısı