China pledges US$23 billion in loans and aid to Arab states
Free-trade deals are also on the cards, as President Xi Jinping tells forum Beijing wants to ‘become the keeper of peace and stability’ in the region. Beijing will also further explore the possibility of free-trade deals with each of the 22 states in the Arab League, as Xi reiterated commitments to globalisation at a time when China is locked in a trade battle with the US. China and the Arab League – a regional bloc of states in and around North Africa, the Horn of Africa and Arabia – agreed to upgrade their bilateral ties to form a “strategic partnership of comprehensive cooperation...
Continue Reading https://www.scmp.com
Join the Discussion