Global Aid
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Newsline: China pledges US$23 billion in loans and aid to Arab states as it boosts ties in Middle East
Chinese President Xi Jinping on Tuesday promised more than US$23 billion in loans and aid to Arab states, as Beijing steadily steps up engagement in the Middle East. Beijing will also further explore the possibility of free-trade deals with each of the 22 states in the Arab League, as Xi reiterated commitments to globalisation at a time when China is locked in a trade battle with the US. China and the Arab League – a regional bloc of states in and around North Africa, the Horn of Africa and Arabia – agreed to upgrade their bilateral ties to form a “strategic partnership of comprehensive cooperation, joint development and [that is] future oriented”, Xi told ministers and leaders at a meeting of the China-Arab States Cooperation Forum in Beijing.
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