CCTV News: On February 27, local time, the China-UAE Trade and Investment Forum and the Third Chain Expo were held in Dubai. More than 120 people including China-Arab Business Association and corporate representatives participated in the event. During the event, relevant enterprises and institutions of China and Algeria signed 6 cooperation agreements on the spot.
These 6 cooperation agreements involve finance, energy, infrastructure and other fields. A relevant official from the China Council for the Promotion of International Trade said that the UAE plays an important bridge role in economic and trade exchanges between the East and the West, and hopes that this time it can radiate the entire Middle East and Africa through the UAE, and better assist international economic and trade development.
Some foreign political and business people who attended the conference have been paying attention to China's policies for a long time and expressed that they will continue to strengthen cooperation with China's industrial chain and supply chain.
The Chairman of the China-Arab Cooperation and Development Association, Qasim Tefali, said that in the turmoil of countries around the world, China's economy continues to develop, and I believe that as China implements more open policies, the world's development opportunities will be more.
Guests at the meeting: Foreign investment "circle of friends" is optimistic about the Chinese market
During the UAE economic and trade exchange activities, many foreign institutions expressed their confidence and vision for cooperation with China.
This forum event was held at the venue in Nasdaq Dubai. The reporter noticed that the first Chinese sovereign bond rattle listing ceremony worth US$2 billion was held at the same venue last year. As the world's largest Islamic bond exchange, Nasdaq Dubai has repeatedly extended its "olive branch" to China for cooperation. As of now, about 12% of the total amount of Nasdaq Dubai’s total bond listing comes from Chinese issuers.
According to the person in charge of China's strategic expansion in Nasdaq Dubai, Nasdaq Dubai has a total of US$13 billion in bonds from Chinese bond issuers, covering 21 issuances, including bonds from China's four major state-owned banks - Industrial and Commercial Bank of China, Bank of China, Construction Bank and Agricultural Bank of China. At the same time, Nasdaq Dubai signed a memorandum of cooperation with the Shenzhen Stock Exchange and the Shanghai Stock Exchange. These measures not only promote the linkage between China and Arab financial markets, but also provide investors with more diversified investment opportunities.
The foreign banks also smell business opportunities in China-Arab economic and trade cooperation. In the 2024 results just announced by Standard Chartered Group, Standard Chartered China achieved double-digit growth in revenue and profits. The company's head said that Standard Chartered regards the Chinese market as one of the most important strategic markets for long-term investment and in-depth cultivation.
After the Spring Festival, more than 200 Chinese companies participated in the group visit
After the Spring Festival holiday, the China Council for the Promotion of International Trade organized a delegation of entrepreneurs to visit, which attracted widespread attention. Data shows that there are currently more than 200 such companies participating in the group "going overseas", and the companies have reached cooperation intentions and achieved fruitful results.
Relevant person in charge of the Council for the Promotion of International Trade said that in recent years, Chinese companies have strong willingness to expand overseas markets and promote international cooperation in the industrial chain and supply chain. In order to actively promote the deepening of exchanges and cooperation between China and foreign business communities, within just half a month after the Spring Festival, the China Council for the Promotion of International Trade organized a total of 8 batches of entrepreneur delegations to Kazakhstan, Germany, South Africa, Egypt, Ethelbia, Qatar, Saudi Arabia, the United Arab Emirates and other countries to carry out economic and trade activities.
Yang Xiaojun, Minister of the Industrial Promotion Department of the China Council for the Promotion of International Trade, introduced that Chinese enterprises are enthusiastic about participating in the delegation, with more than 200 Chinese enterprises participating in the delegation, with a total of more than 300 people. During the visit, a total of 35 economic and trade exchange activities and hundreds of corporate business negotiations were held. The foreign cooperation intention exceeded expectations, with more than 600 companies and institutions participating, and 33 cooperation intention agreements reached.
These cooperation intention agreements cover multiple fields such as finance, energy, infrastructure, automobile manufacturing, and digital economy. The person in charge said that this marks a wide range of cooperation between enterprises and also demonstrates the strong desire and broad prospects for practical cooperation, mutual benefit and win-win results in the Chinese and foreign business communities. Yang Xiaojun said that during the visit and exchange, he fully felt that the more difficult the moment, the more determined the global business community will be to work together and win-win cooperation. This is the greatest certainty and positive energy to check and balance the many uncertain factors of global economic development. The noise of a few unilateralism and protectionism cannot interfere with the main theme of countries around the world working together to promote inclusive and inclusive economic globalization.
