Your current location:HOME >politics >Interview: China's new quality productive forces bring new opportunities for foreign investors 正文
TIME:2024-05-07 20:29:14 Source: Internet compilationEdit:politics
CAIRO, April 6 (Xinhua) -- China's development of new quality productive forces and its continued op
CAIRO, April 6 (Xinhua) -- China's development of new quality productive forces and its continued openness to the outside world will bring new opportunities for foreign investors and companies, an Egyptian expert has said.
In a recent interview with Xinhua, Ahmed al-Husseini, a researcher at the Faculty of African Studies of Cairo University and an expert in Chinese affairs, stressed that foreign investment matters to all countries, whether they are rich, industrial, or developing countries.
"China attracted direct foreign investment amounting to approximately 1.1 trillion yuan (about 160 billion U.S. dollars), and more than 53,000 foreign companies invested in China during 2023, the scale of which is still at a historical high," al-Husseini said.
And so with Egypt, which is striving to attract foreign investments, he said, adding that Egypt's Vision 2030 and China's new quality productive forces greatly enhance the opportunities for bilateral cooperation and contribute to attracting mutual investments in different productive sectors.
The strategic vision of Egypt 2030 can be considered a direct reflection of the concept of China's new quality productive forces, which highlights the depth and strength of Egyptian-Chinese relations and common understanding of many topics and issues, he said.
"There is a very high degree of convergence between the new Chinese concept of new quality productive forces and Egypt's 2030 vision, which relies on sustainability, technology, and innovation," the expert said.
Egypt, in its vision, has become more concerned with the localization of modern industries, high-quality technologies, and new and renewable energy, al-Husseini said, noting that Egypt has also ventured into the field of manufacturing electric cars, in cooperation with Chinese companies.
Many Egyptian companies and investors, he said, are seeking to be present in the Chinese market, especially in agricultural manufacturing. And that Chinese investments in Egypt can also work to provide production requirements for Egyptian factories that rely on technology and innovation.
He also stressed the importance of the positive impact of the concept of new quality productive forces on the "Belt and Road" Initiative.
"The Belt and Road Initiative is based on cooperation, the exchange of benefits, and joint win-win for both parties, not for one party at the expense of the other...it depends on investing in infrastructure such as roads, ports, airports, high-speed trains, electricity, water, energy, etc., all of which are significant investments to increase production income rates," al-Husseini said.
Over the past four years, he said, the world has witnessed many challenges, starting with the COVID-19 pandemic, then Russia-Ukraine crisis, and the Palestine-Israel conflict, and tensions at the Red Sea.
"Despite all of this, China witnessed very large growth rates in 2023, so I consider this year to be a new beginning for China to take off again, and with the return of an economically strong China, all economic and trade partners will be strengthened as it is the engine of global growth and global economy," the expert said.
China's GDP exceeded 126 trillion yuan (17.51 trillion U.S. dollars) in 2023 at a growth rate of 5.2 percent, ranking China among the fastest-growing major economies in the world.
(Editor:Fu Bo)
OKC's Gilgeous2024-05-07 20:18
Changes to tenancy laws to come into force next year2024-05-07 20:12
China's real estate giant Evergrande files for bankruptcy2024-05-07 19:40
UN suspends aid movements at night in Gaza2024-05-07 19:30
Czech Republic's top court rules that surgery is not required to officially change gender2024-05-07 19:07
Flood, weather warnings as storm hits Australia2024-05-07 19:00
Tourism in Brazil up 7.8% in 20232024-05-07 18:55
Students petition Parliament to keep free school lunches funding2024-05-07 18:55
NBC will stick with dual announcers and analysts for the US Open2024-05-07 18:55
AT&T data breach: Millions of customers caught up in major dark web leak2024-05-07 18:40
Winnipeg Jets coach Rick Bowness is retiring after 38 NHL seasons2024-05-07 19:44
Teenagers named as victims of Nelson off2024-05-07 19:36
Truth Social: Trump's DJT stock plummets days after going public2024-05-07 19:08
Yang Hengjun: Australian writer detained in China fears he will die in jail2024-05-07 19:06
Anaheim Ducks goaltending coach Sudarshan Maharaj declared cancer2024-05-07 18:45
Biden hosts Kishida in official visit as US, Japan bolster defense ties2024-05-07 18:40
Trump asks appeals court to overturn ruling on Georgia prosecutor2024-05-07 18:36
Water tank installation programme changing lives in the Far North2024-05-07 18:26
Blackpink fans joke that singer Rosé, 27, is a jinx that breaks up high2024-05-07 18:14
How to make sure your leftovers are safe to eat2024-05-07 17:55