Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt manages COVID-19 effects; maintains economic, social development: Chinese Ambassador
Chinese government will provide further medical aid to help Egypt fight pandemic, says ambassador
Published in Daily News Egypt on 08 - 07 - 2020

Egypt has, under its leader President Abdel Fattah Al-Sisi, effectively reduced the effects of the novel coronavirus (COVID-19), according to Chinese Ambassador to Egypt Liao Liqiang.
The ambassador said that the Egyptian state has made significant efforts to protect citizens from the virus, whilst also maintaining the country's ongoing economic and social development.
Speaking to Daily News Egypt, Liqiang said that China is fully prepared to complete cooperation with Egypt, including in the development of a vaccine against the virus. This comes in addition to China's continued contribution to helping Egypt combat the novel pandemic.
Liqiang added that China and Egypt have a tight strategic partnership which is steadfast in confronting challenges or changes. He noted that China seeks to enhance the healthcare sector cooperation with Egypt and combat the coronavirus.
The ambassador noted the keenness of Chinese companies in investing in Egypt, highlighting that in 2019, the volume of this investment amounted to $104m, an increase of 40% year-on-year (y-o-y). Liqiang added that, in the first quarter (Q1) of 2020, the volume of Chinese direct investment in Egypt reached $35.4m.
According to statistics put together by the Chinese Embassy to Cairo's trade office, the total Chinese investments in Egypt have registered over $7.5bn so far.
Liqiang further noted that the volume of bilateral imports and exports between China and Egypt reached $5.5bn in the period between January and May 2020, an increase of 1.12% y-o-y.
In the same time period, China's non-financial direct investment abroad (FDI) amounted to $42.2bn, down 1.6% y-o-y. The volume of Chinese non-financial direct investment in countries that fall under the country's Belt and Road Initiative reached $6.5bn, an increase of 16% y-o-y.
Liqiang pointed out that any potential Chinese vaccine against the coronavirus will be available worldwide, as the country continues its clinical trials of seven vaccines.
With regard to Chinese aid to Egypt, the ambassador noted that China has provided three batches of healthcare aid and medical convoys, as well as cooperation between Chinese companies and civil society in helping the Egyptian side.
Chinese has provided aid exceeding EGP 100m to Egypt due to the coronavirus, according to the ambassador. He also revealed that the Chinese government will provide another batch of medical aid to help women and children in Egypt fight the virus.
On 6 July, the ninth Ministerial Conference of the China-Arab States Cooperation Forum (CASCF) was held via video link.
"The ministerial meeting of the China–Arab States Cooperation Forum was held against the backdrop of the spread of the coronavirus. Now it is more appropriate than ever to cooperate and strengthen this cooperation in all fields," Liqiang said. "The hold [of the forum] at its specified time reflects the keen desire of both sides to continue making efforts to develop relations and strategic partnership that brings them together."
He pointed out that this session was attended by a very high representative level, as foreign ministers and representatives from 21 Arab countries, as well as Arab League Secretary-General Ahmed Aboul Gheit, participated in this meeting.


Clic here to read the story from its source.