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the sixth china-arab states expo, launches a grand opening in yinchuan, the capital of northwest china's ningxia hui autonomous region, sept 21, 2023. [photo/chinadaily.com.cn]
the sixth china-arab states expo, which launched a grand opening on thursday in yinchuan, the capital of northwest china's ningxia hui autonomous region, resumed all on-site activities this year and attracted over 1000 domestic and foreign businesses to participate.
scheduled to run until sunday, the four-day biennial event leveraged venues covering 40,000 square meters and rolled out new exhibition sections including equipment manufacturing and technology, on top of the established ones such as new material and healthcare, according to the expo organizer.
the sixth china-arab states expo, launches a grand opening in yinchuan, the capital of northwest china's ningxia hui autonomous region, sept 21, 2023. [photo/chinadaily.com.cn]
the sixth china-arab states expo, launches a grand opening in yinchuan, the capital of northwest china's ningxia hui autonomous region, sept 21, 2023. [photo/chinadaily.com.cn]
this year's event is anticipated to result in the signing of more than 400 projects totaling more than 170 billion yuan ($23.2 billion), which will hit a record high. in particular, investment projects will make for the majority—more than 90 percent—of all initiatives, according to the expo organizer.
the expo has become an important platform for china and arab states to take pragmatic cooperation and advance high-quality belt and road cooperation, according to the expo organizer.
china is now the arab states' largest trading partner. china-arab trade volume almost doubled from the 2012 level to $431.4 billion last year. in the first half of this year, trade between china and the arab states reached 199.9 billion dollars, data from the ministry of commerce showed.
wangkeju@chinadaily.com.cn
