UAE is gateway to Middle East, Africa: China

July 14th, 2011 - 12:11 am ICT by IANS  

Dubai, July 13 (IANS/WAM) The United Arab Emirates (UAE) is China’s gateway to the Middle East and Africa and a favourite destination for investment, a senior Chinese official has said.

He Guoqiang, member of the politburo of the Communist Party of China (CPC), made the remark during a meeting with UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.

Both the leaders discussed bilateral and regional matters.

The UAE is a “friendly nation” and there were about 200,000 Chinese people working in the Gulf region, the Chinese official said.

Sheikh Mohammed welcomed the Chinese official’s visit, which he said embodies the willingness of both countries to open new economic channels.

A memorandum of understanding was signed between the UAE’s Central Bank and the China Banking Regulatory Commission on financial and banking control.

–IANS/WAM
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