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Prospect of China-UAE Trade and Economic Cooperation under the Belt and Road Initiative in 2019--Conclusion
Since the establishment of diplomatic relations in 1984, China-UAE trade volume has grew from 63 million U.S. dollars in 1985 to 46 billion U.S. dollars in 2018, registering an increase of more than 700 times.
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High economic complementarity extends China-UAE cooperation to more fields
Whilst becoming more and more complementary economically, China and the UAE have also forged economic ties in more and more fields.
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China-UAE policy coordination deepens continuously
In recent years, especially since the implementation of the Belt and Road Initiative, China and UAE have maintained close, frequent policy coordination at multiple levels and in various fronts.
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China and the UAE have great room for future economic development
The International Monetary Fund (IMF) predicts that the UAE's GDP growth rate in 2019 will be 1.6 percent, lower than the figure of 3 percent for global economic growth rate in 2019.
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The superior business environment lays a solid foundation for China-UAE cooperation
The two countries will support each other in the process of realizing China's "Two Centenaries" goals, realizing UAE's "Vision 2021" and "UAE Centennial 2071".
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Finance becomes new cooperation field
The five-pronged approach is the core content in advancing the Belt and Road Initiative, of which financial integration is an important part that has attracted much attention.
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Project contracting becomes a fastest growing area
As of the first half of 2019, China's total turnover of contracted projects in the UAE has reached 29.7 billion U.S. dollars.
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Bilateral investment cooperation expands to more areas
In recent years, mutual investment between China and the UAE has been increasing.
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China-UAE economic and trade cooperation: bilateral economic trade sees rapid growth
In 2018, the bilateral trade volume between China and the United Arab Emirates (UAE) totaled 45.918 billion U.S. dollars, up 12.06 percent year-on-year.
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A Review of China-UAE Trade and Economic Cooperation (2014-2019: Transformation and Upgrading)
With the implementation of the Belt and Road Initiative, China and the UAE have further deepened their cooperation.
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A Review of China-UAE Trade and Economic Cooperation (2000-2013: Rapid Development)
Since the beginning of 2000, the longstanding China-UAE friendship has been strengthened, together with more booming economic and trade relations.
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A Review of China-UAE Trade and Economic Cooperation (1990-1999: Slow Growth)
Since the 1950s, there has been civil trade between China and the UAE.
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Prospect of China-UAE Trade and Economic Cooperation under the Belt and Road Initiative in 2019-Foreword
Since China and the UAE established diplomatic ties in 1984, the bilateral relations have proceeded smoothly, and the trade and economic links becomes increasingly closer.
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