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07-06-14

UAE, China bilateral business to jump 30 percent by 2015

(MENAFN) According to UAE ambassador in China, the UAE expects a 30 percent jump in bilateral business with China in the next two years, Khaleej Times reported. The amount of bilateral trade is expected to go up from USD46 billion in 2013 to USD60 billion by 2015, the ambassador added. "Multinational cooperation has a positive effect on all countries. It adds to world economy. Development and growth replaces troubles, brings welfare to the people everywhere" he said. China was looking forward to put more money into projects in Arab countries, which attracted only USD2.2 billion worth of Chinese investments last year.