Beijing / follow - up to the morning
confirmed Qian Ke Ming, Chinese Vice Minister of Commerce at a news conference in Beijing that the Chinese exhibition -araba has become an important platform in the framework of the "belt and road" thanks to his prominent role in pushing the development of economic and trade relations between China and Arab countries initiative.
The Chinese exhibition - Arab in 2017 will be held in the city of Yinchuan , northwest China from 6 to 9 September this year, according to the press conference. Wang said He Shan, vice president of Ningxia region at the press conference that Egypt will be a state guest of honor at the next exhibition , which focuses its activities on five areas, including trade of goods and services and enhance cooperation in technology, investment and tourism.
Wang added that China - Arab exhibition is an important platform to promote the construction of "belt and road" jointly between China and the countries located along the "belt and road" initiative. And went on , Wang said that the Chinese exhibition -araba for the year 2017 will attract most of the Arab countries to participate, in addition to a large number of South - East Asian countries and African countries and the countries of Central Asia, which creates opportunities for cooperation among all the participants.
Official data showed that the trade volume between China and Arab countries amounted to $ 171.14 billion in 2016, down by 15.6 percent year on year, as a result of the decline in world oil prices in recent years.
In the same period, new projects signed between Chinese and Arab companies rose 40.8 percent to 40.37 billion dollars in 2016 the value rose, while Chinese direct investment in non - financial arrived Arab countries to $ 1.15 billion.
It is expected to hold forums in the areas of logistics and service infrastructure and productive capacity between the two sides during the exhibition.