Focusing on the 6th China Arab Expo | Vision of Joining Hands and Going Together: Representatives from the Chinese Arab industrial and commercial circles Talking Together on China Arab Economic and Trade Cooperation

Those who share the same aspirations do not consider mountains and seas as distant. A seed that sprouts from friendship, fearless of time and distance, breaks through the ground and grows in the desire for cooperation.

From September 21st to September 22nd, during the 5th China Arab Business Summit, more than 900 guests from 19 countries focused on China Arab economic and trade cooperation, with the theme of "Joining Hands and Creating a Better Future of China Arab Industrial Cooperation", and went to the biennial "meeting".

The fifth China Arab Business Summit has built a platform for in-depth exchanges, docking negotiations, project signing and deepening cooperation for China, Arab countries and countries jointly building the "the Belt and Road".

As an important institutional activity under the framework of the China Arab Expo, the China Arab Business Summit is also an important platform for high-level dialogue and exchange in the Chinese Arab business community. A grand event, whether it is communication and negotiation, signing and achieving results, or planning and imagination, all demonstrate the close attention and expectations of representatives from the Chinese and Arab industrial and business communities.

Famous Economist and Former Minister of the Department of Foreign Economic Research at the Development Research Center of the State Council, Zhao Jinping: China Arab economic and trade cooperation is expected to usher in greater development opportunities

In recent years, China Arab economic and trade cooperation has increasingly shown strong resilience and vitality. According to relevant statistics, the bilateral trade volume between China and Afghanistan reached 1999 billion US dollars in the first half of this year, and bilateral investment continued to rise.

"Economic and trade cooperation, or economic and trade relations, is a very important engine to promote China Arab cooperation. We usually call it the 'ballast stone' because it is a very important part of China Arab cooperation." Zhao Jinping, a famous economist and former minister of the Department of Foreign Economic Research of the Development Research Center of the State Council, believes that China Arab trade relations have made great progress in the past decade, which is a manifestation of mutually beneficial and win-win cooperative relations, and also fully demonstrates the basic spirit of cooperation, consultation and sharing as the "the Belt and Road". "In a sense, China Arab cooperation can be said to be one of the successful examples of the the Belt and Road cooperation." Zhao Jinping said that as China and Arab countries continue to strengthen strategic coordination and action docking, bilateral economic and trade cooperation is expected to usher in greater development opportunities. Correspondingly, in order to address some external risks and challenges, starting from the economic and trade relations between China and Arab countries themselves, both sides still need to continue to deepen cooperation and make up for some of the existing shortcomings in cooperation.

Zhao Jinping delivered a keynote speech.

In Zhao Jinping's view, there is great potential for China's investment growth in Arab countries in the future. The next step is to expand two-way investment and provide stronger support for the supply chain and industrial chain formed by cross-border trade. In the rapidly developing digital economy, China Arab economic and trade relations need to focus more on how to transform towards service-oriented, digital, and intelligent development. Zhao Jinping believes that in the process of developing service trade and manufacturing, both China and Arab countries have already possessed certain strength in service areas such as brand design. Therefore, how to transform goods trade towards service-oriented direction is a new development direction of China Arab economic and trade cooperation.

What is the positioning of Ningxia in China Arab economic and trade cooperation? The answer given by Zhao Jinping is "hub". "Ningxia is a very important inland open economic pilot zone in China. In the first seven months of this year, the overall growth of Ningxia's imports and exports to the outside world was relatively good compared to the national level." Zhao Jinping suggested that institutional cooperation between China and Arab countries should be formed as soon as possible, which will bring greater opportunities for trade and investment development for Ningxia enterprises. Ningxia enterprises can also actively strengthen strategic cooperation with more related enterprises, form stable industrial and supply chains, and better support China Arab economic and trade cooperation.

Yan Lijin, Chairman of China Silk Road Group: Digitalization of trade and localization of settlement will become new trends in Sino Arab economic and trade cooperation

When it comes to the highlights of China Arab economic and trade cooperation in recent years, Yan Lijin, Chairman of China Silk Road Group, used one word: "outstanding.". "The most obvious change is the growth of China Arab trade volume and the increase in technological cooperation, and more importantly, the Arab countries' yearning for opportunities for cooperation with China."

This year marks the tenth anniversary of the joint construction of the "the Belt and Road" initiative. China Arab economic and trade cooperation has laid a good foundation in oil, bulk commodities, agricultural and sideline products, mineral resources and other aspects. The trading volume is constantly expanding, and mutual trust is also growing. With the development of technology, the increase in trade volume, and changes in the international system, there has been a trend towards digitalization and local currency settlement in China Arab economic and trade cooperation, especially with the current changes in e-commerce, digital payments, and supply chain digitization, which will drive the overall transformation of China Arab economic and trade relations.

Yan Lijin's speech at the "China Arab Commodity Local Currency Settlement Dialogue" themed forum

How to achieve stronger endogenous momentum in the development of China Arab economic and trade cooperation? In Yan Lijin's view, the "the Belt and Road" cooperation has entered the 3.0 era, that is, to increase bilateral or multilateral economic and trade cooperation between China and Argentina through digitization. "In countries such as Egypt and the United Arab Emirates, the vast majority have an urgent need for green energy and digital development." Yan Lijin said that helping Arab countries build digital technology infrastructure can greatly promote bilateral or multilateral development between China and Arab countries, and also bring closer relations between them.

At the same time, this "upgrade" is no longer limited to trade between the government and enterprises, but can introduce China's mature and convenient lifestyle such as digital payment into the daily lives of local people. "This kind of cooperation should be comprehensive, in addition to economy, there is also a series of deep cooperation such as cultural exchange, which is the true process of people to people communication."

Yan Lijin believes that the China Arab Expo belongs to China and the world. As the venue of the grand event, Ningxia also has more room for development. He suggested that in addition to holding the China Arab Expo, Ningxia could also try more digital and platform based construction, while leveraging existing platforms to achieve connectivity, further expanding its circle of friends, and expanding the possibility of cooperation in more areas.

Wang Yanchun, Dean of the Regional Economic and Industrial Research Institute of Caijing and Deputy Editor in Chief of Caijing Magazine: Searching for More Growth Points in China Arab Green Energy Cooperation

Although China and Arab countries have different resource endowments and development paths, they are both transitioning towards a cleaner, greener, and low-carbon direction in the context of global commitment to energy transformation and clean development.

"The low-carbon transformation mentioned in China's high-quality development coincides with the vision of Arab countries to achieve energy diversification and increase the proportion of clean energy by 2030." Wang Yanchun, Dean of the Regional Economic and Industrial Research Institute of Caijing and Deputy Editor in Chief of Caijing magazine, believes that there is great potential for cooperation in the fields of clean energy and renewable energy in future Sino Arab cooperation.

"Power generation technologies and related equipment in fields such as wind power and photovoltaics, which are now technologically mature in China, can now provide assistance for the energy transformation of Arab countries." Wang Yanchun said that the Arab region is one of the regions with the best endowments of solar and wind energy resources in the world, and has unique conditions for developing clean and renewable energy. China has advanced technology and rich experience in the fields of photovoltaics and wind power, and can achieve complementary advantages and integrated development with Arab countries in the fields of clean and renewable energy.

Wang Yanchun chaired the "China Arab Green Energy Cooperation Dialogue" themed forum.

In Wang Yanchun's view, over the past decade, Ningxia and the China Arab Expo have achieved common growth. With the deepening of China Arab cooperation, Ningxia can make some new attempts. "For example, in emerging industries such as green energy, Ningxia can explore new growth points for cooperation." In her opinion, besides oil and natural gas, there is still much room for cooperation between China and Arab countries. "Now, China's new energy vehicles are entering the markets of Arab countries and becoming more and more popular. There are also 'Chinese smart manufacturing' such as smart appliances and smartphones, which are very popular and accepted by the local people." Wang Yanchun said that in the future, Ningxia can further explore the possibility of cooperation from these aspects and show its skills in green energy.