新絲綢之路

New Silk Road raises hopes for increased China-Arab trade

With developed markets mired in slow growth, China is looking to the Arab world as a new market for its exports and a source of energy to fuel its own fast-growing economy.

Political turmoil in large Arab economies, including Egypt, Syria and Iraq, has hammered China-Arab trade over the past year, but conditions for a recovery are in place if and when stability returns.

At a meeting of the China-Arab States Co-operation Forum in Beijing this month, the two sides set a goal of expanding trade from the current $240bn a year over the next decade.

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