BEIJING, China — Chinese President Xi Jinping delivered a speech at the opening ceremony of the eighth ministerial meeting of the China-Arab States Cooperation Forum in Beijing.
The CASCF which was established 14 year ago, has facilitated China’s cooperation and communication with the Arab states.
During his speech, President Xi announced that China along with the Arab states will sign a declaration for the Belt and Road Initiative.
China will also provide a $20 billion loan for Arab states to help Arab states in economic reconstruction.
The reconstruction includes, transportation infrastructure, cooperation in oil and gas, finance, high-tech fields, the digital economy and artificial intelligence, Xi said.
China will also build financial platform for industrial cooperation and press ahead with FTA talks — and invite hundreds of Arab elites to China over the next three years, Xi said.
It plans to import goods worth over $8 trillion in five years and this would bring huge opportunities to Arab states, Xi said.
Photo Credit: Xinhua