Egypt China Strengthens Bilateral Ties
The solidification of bilateral ties will
most likely upsurge investment opportunities and trade between the two
countries.
"Egypt
provides great investment opportunities to China and it can be a portal for
Chinese products into African markets due to the Egyptian strategic geographic
location," Amr Saleh, professor of political economy at Cairo-based Ain
Shams University and former World Bank project officer remarked.
In recent
times, the Egyptian government had set up special units to study fields of
cooperation with China, making it rich that the African nation is fascinated in
enhancing its partnership with the Asian country.
"Egypt
needs a strategic partner not just a business partner, while China has a desire
to create strategic economic alternatives in light of the slowing worldwide
economy," Amr Saleh added.
Given that
arms industry is the major source of income for big countries, it is
anticipated that military cooperation could play a significant role in tightening
Egypt-China ties.
Egypt is
presently facing a turmoil after the political unrest in the country. The
government is trying to make ends meet. The recent partnerships with China can
be seen as an endeavour to bring the down falling economy back on track.
Before
leaving for China, the Egyptian President drawn-out its support to China for
building the Silk Road Economic Belt and the 21st Century Maritime
Silk Road. Being a well-known trade route, the Silk Road can help revive
economic activities such as trade volumes.
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