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The United Arab Emirates’ capital metropolis pledged right now to work with a Chinese language province on business.
The Abu Dhabi Division of Financial Growth signed a memorandum of understanding with the Shandong province on enhancing cooperation in addition to exchanging experience and knowledge associated to the commercial sector. To this finish, they may work to advertise funding and coaching exchanges between Emirati and Chinese language corporations in Abu Dhabi and Shandong, the official Emirates Information Company reported.
Why it issues: The UAE is a powerful ally of america, however its relations with China have been increasing. In February, the Emirates introduced a purchase order of navy plane from the Individuals’s Republic. China was additionally the UAE’s largest buying and selling accomplice final 12 months.
China is making inroads with a number of Gulf states. Saudi Arabia and China cooperate on a wide range of know-how and energy-related tasks. In January, the overseas ministers of Saudi Arabia, Bahrain, Kuwait and Oman visited China.
Shandong is the second-most populous province in China, after Guangdong.
Know extra: This isn’t the primary occasion of business cooperation between the UAE and China. Many Chinese language companies have invested within the Abu Dhabi’s Khalifa Industrial Zone Abu Dhabi in recent times.
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