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Economy

China-Arab expo sees deals for 277 projects

Updated: Aug 21, 2021 By LIU YUKUN in Beijing and HU DONGMEI in Yinchuan China Daily Print
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Photo taken on Aug 20, 2021 shows the cross-border e-commerce and digital economy exhibition area of the fifth China-Arab States Expo in Yinchuan, Northwest China's Ningxia Hui autonomous region. [Photo/Xinhua]

Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing, said the expo offers a good platform for companies in the BRI footprint to showcase their latest technologies and products, and seek new opportunities in trade and economic cooperation.

This year's expo is featuring meetings and exhibitions on technologies and products used in healthcare, clean energy, digital economy, and environmentally friendly farming. It has attracted over 1,000 companies that are participating either physically at the event venue or virtually online.

"Arab countries have been important trading partners and major energy suppliers to China. Both sides have strong needs to deepen economic relations and strike agreements on developing mutual interests. Going forward, there will be more fields, including finance, low-carbon development, infrastructure, and transportation, that are likely to see an increase in cooperation,"Zhou said.

"Both sides are also working for mechanisms to guarantee safe and stable economic activities to avoid risks from geopolitical conflicts."

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