Dubai, an economic powerhouse of the United Arab Emirates (UAE), hosted a business forum in Beijing on Wednesday, seeking to attract more Chinese companies and investment to the Middle East's leading business hub.
The event, which drew over 700 participants to a packed conference hall in downtown Beijing, underscored the growing interest among Chinese enterprises in forging partnerships amid increasingly warm ties between China and the Middle East.
Dubai, an economic powerhouse of the United Arab Emirates (UAE), hosted a business forum in Beijing on Wednesday, seeking to attract more Chinese companies and investment to the Middle East's leading business hub.
The event, which drew over 700 participants to a packed conference hall in downtown Beijing, underscored the growing interest among Chinese enterprises in forging partnerships amid increasingly warm ties between China and the Middle East.
A panel discussion centering on China-UAE collaboration takes place during the Dubai Business Forum – China, in Beijing, on Aug. 21, 2024.
During a panel discussion, Jeffrey Li, managing partner at Tencent Investment, said that Chinese companies, particularly in the tech sector, should be aware of differences in cultures, legal systems, and languages, and the challenge of local talent recruitment when expanding into the Middle Eastern market.
Trade in goods between China and the UAE climbed 6.2% year on year in the first seven months of this year to over US$57.9 billion, with Chinese exports rising 13.8% in the same period, data from China Customs shows.
(Source: China.org.cn)