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Xi calls for win-win China-Arab cooperation

Editor: zhenglimin 丨Xinhua

06-05-2014 21:46 BJT

Full coverage: Sixth Ministerial Meeting of China-Arab Cooperation Forum

Full coverage: China’s Leaders

BEIJING, June 5 (Xinhua) -- Chinese President Xi Jinping on Thursday urged win-win cooperation between China and Arab states to promote the "spirit of the Silk Road."

Xi made the remarks in his address at the opening ceremony of the sixth ministerial conference of the China-Arab States Cooperation Forum (CASCF) held in Beijing, which called on the two sides to carry forward the Silk Road spirit and deepen their cooperation.

"What China pursues is common development. We want to achieve development for ourselves and we want to enable others to grow as well," he said.

Chinese President Xi Jinping delivers a keynote speech on the relations and cooperation between China and Arab states at the opening ceremony of the Sixth Ministerial Conference of the China-Arab States Cooperation Forum (CASCF) in Beijing, capital of China, June 5, 2014. (Xinhua/Ju Peng)

Chinese President Xi Jinping delivers a keynote speech on the relations and cooperation between China and Arab states at the opening ceremony of the Sixth Ministerial Conference of the China-Arab States Cooperation Forum (CASCF) in Beijing, capital of China, June 5, 2014. (Xinhua/Ju Peng)

This year marks the 10th anniversary of the CASCF. The forum will mainly focus on the building of the Silk Road economic belt and the 21st century maritime Silk Road as well as promoting mutual development.

Peace, friendship, openness and inclusiveness form the core of the Silk Road spirit.

Xi said that in the coming five years, China will import over 10 trillion U.S. dollars in goods and make more than 500 billion U.S. dollars in direct investment abroad.

In 2013, China's imports from Arab countries amounted to 140 billion U.S. dollars, only about 7 percent of the 2 trillion U.S. dollars of goods China will import annually, he said.

China's direct investment in Arab countries last year stood at 2.2 billion U.S. dollars, a mere 2.2 percent of the 100 billion U.S. dollars China will invest abroad each year, he added.

"Where there is a gap, there are potential and opportunities," he said.

China is ready to dovetail its own development with that of Arab states and support them in increasing jobs, advancing industrialization and promoting economic growth, said the president.

The Silk Road economic belt and the 21st century maritime Silk Road concepts were put forward by Xi during two separate visits to Central Asia and Southeast Asia in 2013.

The two initiatives aim to seize the opportunity of China's continued opening-up, especially opening in the western regions of China.

They will focus on economic cooperation and people-to-people cultural exchanges and prioritize connectivity, trade and investment.

Around 200 guests from China and Arab states, including Secretary-general of the League of Arab States Nabil Elaraby and foreign ministers or representatives attended the forum.

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