Editor's note: China-Arab/Africa Medium, Small Businesses Cooperation Forum will be held in Weifang, Shandong province on Sept 27 and 28 to promote the China-Arab and China-Africa relations. |
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Forum helps SMEs in Weifang
The total amount was estimated at 230 million yuan. [Full story]
China-Arab/Africa Co-op Forum opens The second China-Arab/Africa Medium and Small Businesses Cooperation Forum was unveiled in Weifang, east China's Shandong province Tuesday. Sun Jiazheng, vice-chairman of the 11th National Committee of Chinese People's Political Consultative Conference, China's top political advisory body, said the cooperation between China and countries of West Asia and Africa has become closer in recent years, especially in the field of economics and trade. The bilateral trade volume has been steadily increasing for consecutive years. [Full story] China-Arab/Africa Co-op Forum to be held The second China-Arab/Africa Medium and Small Businesses Cooperation Forum will be held in Weifang of East China's Shandong province on Sept 27 and 28. The forum is co-organized by the International Department of the Communist Party of China (CPC) Central Committee and Shandong provincial government, and co-hosted by the international department of Shandong provincial government, China Economic Cooperation Center (CECC) and the municipal government of Weifang. [Full story] |
Date: Sept 27-28
Location: Weifang in Shandong province
Organizers:
International Department of the Communist Party of China (CPC) Central Committee;
Shandong provincial government
Participants: See the list
Schedule:
Sept 27 Visiting development zone; Meeting government leaders
Sept 28 Opening Ceremony; Discussions;Other activities
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China, Arab countries trade aim to hit $200b by '15
How to achieve the goal of $200-billion trade volume by 2015 is an important topic for participants of a sub-forum of the ongoing 2nd China-Arab States Economic and Trade Forum held in Ningxia. More than 400 officials, investors, contractors, entrepreneurs and executives from China and the Arab countries attended the forum. The Arab world is of great significance for China's "market diversification" strategy and "going global" strategy. There are 1.6 billion people in China and the 22 Arab countries. The economic and trade cooperation between the two has achieved positive progress in terms of bilateral trade, project contracting, labor cooperation, two-way investment and personnel training. [Full story]
China's trade with the Arab states reached a record high in the first half, and Arab countries expect deeper trade ties with China, officials said. Trade between China and the Arab states totaled $120 billion, up 36 percent year-on-year, He Zhengrong, vice-director general of the commerce bureau of Ningxia Hui autonomous region, told a news conference during the Second China-Arab States Economic and Trade Forum. The forum, held in Ningxia from Sept 21 to 25, serves as a platform for deepening trade and investment cooperation between China and 22 Arab states, such as Saudi Arabia, Libya and Syria. The western Asian and northern African regions experienced turmoil during the first half, and China's trade with affected Arab countries and regions, such as Libya and Egypt, declined by 30 percent year-on-year. But trade with politically stable Arab states surged by 46 percent. The turmoil "does not affect China's overall trade potential and prospects with the Arab states", He said. Mohammed Bin Essa Al-Khalifa, chief executive of the Bahrain Economic Development Board (BEDB), said trade potential between China and the Arab states is great and Gulf countries expect to deepen the trade relationship with investments. [Full story]
More reading China to strengthen economic co-op with Arab states |
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African Development Bank says Sino-African cooperation brings oppotunities China's growing role in Africa is not only "substantial" for bilateral trade, but also "complementary" to Africa's traditional partners, according to a new book on Sino-African cooperation released Tuesday by African Development Bank (AfDB). The book "China and Africa, An Emerging Partnership for Development" challenged the idea that China was the only winner in cooperation with and activities in African continent, by analyzing "opportunities and challenges for both parties." According to AfDB Vice-President and Chief Economist, Mthuli Ncube, who presented the book, China's activities in Africa are never just exploring and importing natural resources, but played "an important role in providing financing and expertise needed for the continent's development." [Full story] Chinese investment buoys Africa's economy Although Africa is a diverse continent, containing a variety of countries and cultures, the representatives of African countries do have one thing in common: their desire to attract Chinese investment. "We look forward to Chinese enterprises' investments. Chinese investment helps us to fund the construction of transportation and medical infrastructure," Bernadette Artivor, executive director of the Namibia Investment Center, said. [Full story] China-Africa People’s Forum passes Nairobi Declaration
The forum, which was co-hosted by the Board and the China NGO Network for International Exchanges (CNIE), was the first non-government exchange between China and Africa ever held in Africa. The forum passed the Nairobi Declaration, which outlines the guiding principles of non-government exchanges between China and Africa. It calls upon the governments of both China and African countries to recognize the importance of and encourage people-to-people exchanges. It also asks for support from the United Nations and international communities. [Full story]
More reading Nairobi Declaration Adopted at the First China-Africa People's Forum |
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