Chinese companies seek UAE partnerships

This is a China news story, published by Yahoo Finance, that relates primarily to Al Marzooqi news.

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UAE

South China Morning Post

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Chinese firms forge ties with UAE as Gulf nation acts as 'superconnector' in global trade

Summary

Nutrition label

89% Informative

Business has expanded to innovative industries like hydrogen, ammonia, carbon capture, electric vehicles, solar energy and consumer tech.

Chinese companies are involved in almost 50 per cent of the projects currently in progress in the UAE .

UAE is China 's second -largest trading partner in the Middle East after Saudi Arabia .

Bilateral trade between China and the UAE reached US$95 billion in 2023 .

Al Marzooqi said that the bank would like to see more Chinese companies execute public private partnerships in the UAE and wider region.

He said this will be extremely advantageous for Chinese businesses, as it brings financial and operational benefits given long-term financing, along with shared investment risk and innovation.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful