Xiamen, 25 May 2024 (TDI): On Thursday, Chinese Vice Premier Ding Xuexiang made a plea for increased industrial and investment cooperation with the Gulf Cooperation Council (GCC) nations, promising to make it easier for GCC companies to make investments in China.
Chinese Vice Premier Ding, who is also a member of the CPC Central Committee’s Standing Committee of the Political Bureau, delivered the speech during the China-GCC Countries Forum on Industrial and Investment Cooperation in Xiamen, the province of Fujian in eastern China.
Additionally, he read to the meeting a letter of gratitude from Chinese President Xi Jinping.
Moreover, Ding stated that although China and the GCC countries are good brothers, friends, and partners, their advantages in development are highly complementary, and their practical collaboration has a strong base and a wide range of opportunities.
Ding called on the two parties to respect the principles of thorough consultation, cooperative effort, and mutual gain; collaborate to advance the high-quality growth of industrial and investment cooperation; and seek to give China’s and the GCC countries’ prosperity and development a new lease on life.
Furthermore, He said that the two sides should strengthen collaboration between the Belt and Road Initiative and the development objectives and visions of GCC nations, and fully utilize cooperation mechanisms in all areas. Ding emphasized the need to enhance practical collaboration to foster mutual development.
In addition, He suggested that both parties should broaden their cooperation in conventional sectors such as oil and gas, petrochemicals, and infrastructure, while actively engaging in collaboration in emerging areas such as clean energy and the digital economy.
Ding also emphasized the need for additional measures to enhance the business environment.
Ding stated that China will gradually increase its institutional openness and offer greater opportunities and convenience for firms from GCC nations to invest in China.
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Ding also expressed the hope that GCC countries will improve the environment for Chinese enterprises.
Ding emphasized the need for both parties to enhance reciprocal assistance and facilitate the convergence of interests.
They should collaborate in implementing the Global Development Initiative, the Global Security Initiative, and the Global Civilization Initiative, to establish a community that fosters a common destiny for all of humanity.
The meeting was attended by over 600 delegates from various sectors including government departments, enterprises, financial institutions, and other sectors from China and the GCC countries.
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