AMEInfo - July 12, 2018
The
Trump China trade war is a ‘plus’ to the region. It’s a plus, because
it turned China’s attention and interest to the Middle East the GCC,
aiming to shift economic presence to the 5-star red flag from the US
Stars and Stripes and become a main trading partner. But what’s behind
China’s sudden show of affection in the form of loans and philanthropy
to the region, in what it calls the “oil and gas plus” model? Middle
East nations will have at their disposal $20 billion in loans, and about
$106 million in financial aid, to revive their economies. This was
announced At the China Arab forum being held in Beijing this week, where
21 Arab countries are participating, Reuters reports. China produces
half of its oil and gas supply and imports the other half from the
Middle East. Yet, the East Asian nation has always maintained a relative
distance in its business dealings, avoiding the complications of
politics and other sensitive issues their business partners are going
through and instead opting to remain strictly professional.
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