Latest news with #China-MiddleEast
Yahoo
21-05-2025
- Business
- Yahoo
China's Hainan FTP Promotion Event Successfully Held in Dubai
HAIKOU, China, May 21, 2025 (GLOBE NEWSWIRE) -- On May 19, the 2025 Hainan Free Trade Port (FTP) promotion event, focusing on the liberalization and facilitation of trade and investment, was held in Dubai. Jointly organized by the Hainan Provincial People's Government and the Chinese Embassy in the UAE, with support from the China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) and the China Chamber of International Commerce Hainan Chamber of Commerce (CCOIC Hainan), the event aimed to facilitate high-level dialogue and practical cooperation. H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, stated that the UAE will actively align with the FTP's financial liberalization and cross-border trade facilitation policies, exploring innovative cooperation models in emerging fields such as AI and blockchain. UAE delegates at the conference expressed full confidence in the prospects of bilateral cooperation, stressing that governments, industrial parks, and trade promotion agencies of both sides should play an active role in advancing bilateral economic and trade collaboration. During the conference, Hainan signed four batches of agreements with institutions from the UAE, Saudi Arabia, and other countries, covering new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development. Hainan provincial leadership underscored that after the customs closure, the FTP will adopt a framework centered on "zero tariffs, low tax rates, and a simplified tax system" to cultivate a market-oriented, law-based, and internationalized business environment. They highlighted the importance of deepening cooperation with the UAE in areas like the digital economy and green energy. Chinese Ambassador to the UAE Zhang Yiming noted that the FTP's open policies closely align with the UAE's 50-Year Development Plan, adding that bilateral collaboration will set a new benchmark for China-Middle East economic and trade cooperation. Hainan is intensifying efforts to build itself into a free trade port (FTP), aiming to establish independent customs operations by the end of 2025. Source: CCPIT Hainan CONTACT: Contact person: Ms. Fu, Tel: 86-10-63074558
South China Morning Post
03-05-2025
- Politics
- South China Morning Post
Will Syria challenges stand in the way of China's Middle East ambitions?
China has 'lots to learn' if it hopes to transition from a bystander to a credible mediator in the Middle East , according to analysts, who noted that Beijing faced major challenges in engaging Syria's new government. Advertisement They made the comments during a virtual panel on Monday held by US-based think tank the Foreign Policy Research Institute. While meeting the Chinese ambassador to the United Nations Fu Cong in New York on Monday, Syrian Foreign Minister Asaad al-Shaibani said the two countries would 'work together to build a long-term strategic partnership in the near future', according to Damascus. But China, a key backer of ousted Syrian ruler Bashar al-Assad, now faced a 'reputational crisis', particularly among local authorities in Syria, said Jesse Marks, a non-resident fellow with the Stimson Centre's China programme who specialises in China-Middle East relations. He said China faced a deeply uncomfortable dilemma in Syria, where it would have to deal with a new government dominated by UN-identified 'terrorists'. Advertisement Assad, whose family had ruled over Syria for more than half a century, was overthrown in December following years of civil war . Members of the militant group Hayat Tahrir al-Sham (HTS) now hold pivotal cabinet positions in Syria's new government, with Ahmed al-Sharaa as interim president.
