China Review News (CRN) recently reported that Li Keqiang, China’s Deputy Premier, delivered a speech at the Third China-Arab States Economic and Trade Forum about the strategic direction in which China is heading. Li is widely expected to be the next Chinese Premier. Li suggested that, facing the challenge of the global downturn, China has made a strategic decision to expand domestic demand. The strategy emphasizes three focal points: industrialization, urbanization, and agricultural modernization. Li also made a strong point that opening up to West China and countries neighboring West China is a very important step in the overall openness strategy. He also called for better cooperation among emerging markets, especially with the Arab world. China welcomes investments from Arab countries, and China encourages capable Chinese companies to participate in the development of manufacturing and industries in the Arab world that do infrastructure construction .
Source: China Review News, September 13, 2012