One Belt One Roadway Initiative

The “One Belt One Road” cooperation initiative proposed by President Xi Jinping in 2013 aims to strengthen international cooperation and align each other's development strategies to achieve mutual complementarity and promote common development.

The self-initiated, the road map for the initiative’s landing in the Middle East is clear: from the "One Belt One Road" Vision and Actions (2015 March) to the "China's Policy Documents on Arab Countries" (2016 January ⽉), and then to the top-level system design of "China and Arab Countries Jointly Build a "One Belt One Road" Initiative" (July 2018), showing the strong political will of China and Middle Eastern countries to strengthen strategic cooperative relations.

Summit Background

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China-Arab relations enter the best period in history

In 2019, the bilateral trade volume between China and Afghanistan reached 2.184 billion U.S. dollars, an increase of 66.72% and 874 million U.S. dollars. Among them, Ajin was USD 1.432 billion, an increase of 19.63% at the same time, and an increase of USD 235 million; Ajin was USD 752 million, which was a same increase
565.49%, an increase of 639 million US dollars. In 2019, China became the fourth largest trading partner of Afghanistan (accounting for
6.56%), the sixth-largest country of export (accounting for 3.83% of the country’s total exports), and the third-largest country of origin (accounting for
⼝10.48% of the total)
Bilateral cooperation has been close and the cooperation mechanism has been continuously improved. The “China-Arab Cooperation Forum” established in 2004 has become a model of institutionalized cooperation between China and Middle Eastern countries. In 2016, China issued the "Documents on China's Policies towards Arab Countries", which clarified the areas of bilateral cooperation. At the same time, China and many countries in the Middle East have signed a number of cooperation documents and memorandums in the fields of infrastructure, trade and investment, and cross-border use of currency, providing institutional guarantees for strengthening bilateral cooperation.

China-Arab relations enter the best period in history

The development of trade between the Middle East and China is advancing fast.


Since 2012, China's Middle East diplomacy has undergone profound changes, which are intensively reflected in the proposal and gradual implementation of the “One Belt One Road” initiative. “One Belt One Road has promoted the steady progress of China’s Middle East diplomacy from both theoretical and practical levels, and signed a number of agreements in the fields of economy, infrastructure construction, science and technology, and cultural exchanges, resulting in a rapid increase in bilateral trade. .

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Summit Background

economy
In the post-epidemic era, China’s trade with Middle Eastern countries has huge potential

The new Covid epidemic is a major external shock that has affected the world's economic structure, due to economic globalization. The epidemic is likely to cause the world to experience the worst economic recession since the "depression", and global trade will shrink sharply;

In the post-epidemic era, the original global economic cycle was undergoing systemic changes, and China must take advantage of its snobbery

to turn crises into opportunities and accelerate the formation of a new dual-cycle pattern of mutual promotion at home and abroad.

From the perspective of trade mode, with the rapid development of digital trade, the trade mode between China and Middle Eastern countries has undergone tremendous changes.



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Summit Background

economy
In the post-epidemic era, China’s trade with Middle Eastern countries has huge potential

Chinese e-commerce and Middle Eastern enterprises jointly built the “Silk Road”, which greatly promoted the bilateral relationship. The development of electronic commerce. JollyChic, a cross-border shopping station built by countries such as Saudi Arabia, Jordan, the UAE, and Bahrain, has become a household name. From here, commodities such as Chinese clothing, shoes and bags, and home appliances are sent to thousands of households in the Middle East. Among the top 10 e-commerce companies in the Middle East, half of them come from China. The rapid development of electronic commerce will definitely promote bilateral trade, especially the export of Chinese products to the Middle East. The Middle East and Africa will become a battleground for global trade in the future.


Take JollyChic as an example, as a mobile shopping APP under the umbrella of Zhiyu, it focuses on global fashion and living consumer goods. The main source of users is the Middle East, with more than 500,000 SKUs. The number of registered users of APP in the six Gulf countries has reached 50 million (total 60 million people), covering 80% of the Middle East.

⼈⼝, Jollychic ranks among the top 10 shopping apps in the Middle East.

Summit Background

international environment

On March 22nd, 2018, U.S. President Trump signed a Presidential Memorandum to impose tariffs on the scale of goods imported from China and restrict Chinese companies' investment and mergers in the United States. In 2020, the impact of the epidemic is intensifying the structural reshuffle among countries, and the reconstruction of the global economic and trade pattern and order in the post-epidemic era may be inevitable. Travel bans, border controls, and access restrictions can result in the flow of factors and severe restrictions on foreign exchanges. The epidemic is likely to accelerate the process of “decoupling” between China and the United States.

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Summit Background

international environment

At the same time, the three European powers—Germany, France, and the United Kingdom—have recently taken measures to scrutinize investment from China more closely. Some EU countries have established
A certain form of investment review mechanism has been adopted, and more member states are also considering effectiveness
Imitation. As rookies in emerging markets, the Middle East and African countries have also moved from the margins of the world to the center. Globalization is bound to be undergoing in-depth adjustment and reconstruction.
African countries will become the center of this opportunity.

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