国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

Investment rises with Arab countries

Updated: 2013-09-17 07:24
By Zhong Nan in Yinchuan ( China Daily)

China and Arab countries should step up "two-way" investment and create a sound environment for multilateral economic cooperation to capitalize on the high-return industries of services, finance and environmental improvement, said senior officials of Arab nations.

Abdullah Saleh, vice-minister of economy of the United Arab Emirates, said China's economic engine currently is being shifted from an investment-dominated economy to a consumption-based economy. This would offer Arab nations investment opportunities to China's service sectors such as logistics, tourism, healthcare, transportation and telecommunication.

The changing global economic map and the lingering debt crisis in the eurozone have caused big losses for government-backed Gulf financial institutions and their sovereign wealth funds in developed markets such as the United States, the United Kingdom, France and Germany in recent years. Many Arab countries are shifting their investment focus from the West to China and Africa.

Currently, China and the UAE are planning to establish a $10 billion joint investment fund for collaborative projects of high-end manufacturing, aviation, clean energy, agricultural technology and environment improvement. Both countries will contribute $5 billion to support these future programs.

"As more Chinese companies become interested in investing in the Gulf region, we discovered that China has been looking to invest in different ways, instead of focusing only on energy and infrastructure projects," Saleh said.

China's investment in the Arab states amounted to $1.4 billion in 2012, a 120 percent increase from a year earlier. Investment areas are being expanded from resource exploration, light industry, textiles and garments to machinery manufacturing and automobile assembly, according to China's Ministry of Commerce.

By comparison, Arab states' investment in China rose 77 percent to $230 million during the same period mainly covering the fields of petrochemicals, hotels, machinery, halal food and fertilizers.

Mohamed Al-Sulaiti, an economics specialist at Qatar's Ministry of Energy and Industry, said closer financial cooperation between China and Arab countries through varied methods can effectively coordinate monetary and investment policies to prevent financial risk created in other parts of the world. Such a cooperative mechanism could discover new market growth points and promote economic development in a stable way.

China and Gulf states are two major foreign creditors of the US. China holds $1.2 trillion of US Treasury bills and the Gulf countries have $2.5 trillion of US debt bills.

Al-Sulaiti feels that carrying out "two-way" investment would help different Arab governments "ease their heavy dependence on purchasing US debt and build a fair and flexible trading environment between China and Arab markets".

Saad Al-Deen Taleb, Yemen's minister of industry and trade, said there is a possibility that the US might be close to self-sufficiency in energy by 2030 after it started a shale gas revolution throughout the country, which would further cut the energy trade with Arab countries and draw more capital from these nations back to the US market to gain higher returns.

 
 
...
东平县| 安塞县| 遵化市| 潞城市| 大兴区| 渭南市| 河池市| 新建县| 晋城| 卓尼县| 重庆市| 沅江市| 太仓市| 手机| 全州县| 磐石市| 南木林县| 凯里市| 利津县| 奎屯市| 虞城县| 台湾省| 和平县| 泊头市| 邵阳市| 滦南县| 南召县| 玉门市| 东乌珠穆沁旗| 永和县| 阳新县| 乌恰县| 宁波市| 永川市| 景谷| 顺昌县| 荥经县| 区。| 抚松县| 周宁县| 钦州市|