Silk Road offers Sino-Arabian blueprint
Energy, infrastructure, along with trade and investment to form mainstay of links
President Xi Jinping outlined a blueprint for greater cooperation with Arab states on Thursday, describing them as “natural partners” in regional development projects, a Silk Road economic belt and a maritime Silk Road.
Xi said China and Arab nations should establish a cooperative framework centered on energy cooperation, with infrastructure along with trade and investment as “two pillars”, and aim for high-tech breakthroughs in nuclear energy, aerospace and new energy.
“The next decade poses a critical development period for both China and Arab states, which calls us to carry forward the Silk Road spirit and rejuvenate our countries,” Xi said at the opening of the Sixth Ministerial Conference of the China-Arab States Cooperation Forum.
He also announced that the two sides will expand their trade volume from $240 billion to $600 billion in the next 10 years.
Chinese companies were encouraged to invest in sectors such as energy, petrochemicals, agriculture, manufacturing and services in Arab states.
Xi said discussions should be held on establishing a China-Arab technology transfer center, jointly building the Arab training center for peaceful use of nuclear energy and opening China’s Beidou Navigation Satellite System to Arab states.
Foreign Minister Wang Yi told reporters, “We have gotten closer at the forum.”
More than 200 guests from China and Arab states participated in the forum, which celebrates its 10th anniversary this year.
They agreed to jointly combat terrorism and extremism, and strengthen efforts to facilitate a free trade agreement between China and the Gulf Cooperation Council.
The council is a political and economic union of six major oil exporters that border the Gulf — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Zhu Weilie, director of the Center for China-Arab States Cooperation Forum Studies and a professor at Shanghai International Studies University, said the Silk Road initiatives were an upgraded version of Chinese enterprises’ “going-out” strategy.
Kuwaiti Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad AlSabah, who attended the forum, said Kuwait fully supports the Silk Road initiatives, and urged an acceleration of negotiations for a free trade agreement.
President Xi Jinping and other leaders attend the opening of the Sixth Ministerial Conference of the China-Arab States Cooperation Forum in the Great Hall of the People in Beijing on Thursday.