Xinhua recently reported that the Third China-Arab States Economic and Trade Forum attracted investments totaling RMB 218.7 billion (around US$34.7 billion). The Forum had more than 7000 attendees, who were from 71 countries, regions, or international organizations. The investments will fund 124 projects. The main areas covered are the new technology industry, the energy industry, the chemical industry, modern agriculture, infrastructure construction, trade and logistics, culture, and tourism. The Forum’s Guest Country of Honor was the United Arab Emirates with a delegation of 113 people. The Forum also delivered the Framework Agreement for the China-Arab Financial Development Strategy, which extends the China-Arab trade relationship to the financial field. In the past 7 years, the China-Arab trade volume growth rate has averaged 30 percent.
Source: Xinhua, September 18, 2102