China and Arab states to strengthen economic cooperation

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Publish time: 26th September, 2011      Source: ChinaCCM
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Reportedly, Chinese will continue to offer the financial and technological support for Chinese enterprise which plan to set up infrastructure in Arab states.

Mr. Jia Qinglin, a political advisor indicated that China and Arab states should improve the mutual economic cooperation in the sectors of trade, investment, energy and infrastructure.

Besides, he added that China is willing to cooperate with Arab states to strengthen mutual political trust to create a win-win situation.

Also, China will improve the domestic investment environment for Arabian companies.

He pointed out that China's investment in Arab states exceeded US$15 billion in 2010 and Arabian enterprises' investment in China amounted US$2.6 billion. Arab state has become China's 7th largest trading partner.

Meanwhile, the trade volume between China and Arab league members reached US$145.4 billion, surged by 34% year on year, according to data released by the Ministry of Commerce