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    Egypt will keep pushing for Gaza peace, aid: PM    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.



Morsi in China for investment talks
Published in The Egyptian Gazette on 27 - 08 - 2012

President Mohamed Morsi will pay his first visit to China tomorrow, amid expectations that this tour will minimise the US hegemony on the Middle East, while Egypt will be given more opportunities for investment in China.
Morsi, during the three-day visit, will hold talks with his Chinese counterpart Hu Jintao on boosting bilateral relations and attracting more investments.
Egyptian businessmen said that, if Morsi succeeds and gets whatever he wants from China, this will encourage Egypt to limit its relations with the US.
One businessman, Mohamed Qassem, said Morsi's visit, on which he will be accompanied by seven ministers and 70 businessmen, will open a new page with China, the world's second largest economy, stressing that the tour will bolster the two countries' deep relations.
At the end of his visit, Morsi will fly from China to Iran for a meeting of the Non-Aligned Movement, a group of 120 developing nations.
On Saturday, a delegation from the Egyptian presidency left for Beijing to prepare for Morsi's visit.
The Egyptian President will hold talks with Chinese officials on boosting bilateral co-operation at the cultural, educational and scientific levels, the official Middle East News Agency (MENA) reported.
Egypt established diplomatic ties with China in 1931 and since then they have signed many agreements and memoranda of understanding.
The Egyptian-Chinese Business Council is set to convene during Morsi's visit, to discuss increasing inter-trade and investment.
Morsi will also meet with Egyptians living in China in order to brief them on the economic and political developments happening in Egypt, while listening to their ideas about how to attract investments to Egypt.
The volume of Egyptian-Chinese trade hit $9 billion in 2011, with Egypt exporting about $1.5 billion and importing about $7.5 billion.
Chinese Ambassador to Cairo Song Aiguo said that Egyptian exports to China have increased by 65 per cent since last year, stressing that Chinese companies didn't leave Egypt during the unrest that erupted after the January 25 Revolution.
Meanwhile, Morsi's trip to Iran will be the first by an Egyptian president since the 1979 Iranian Revolution. The two nations do not have diplomatic relations at ambassadorial level, but have missions staffed by diplomats in each other's country.
The Egyptian presidential spokesman said the trip to Tehran will last only a few hours, while Western diplomats say they will be watching to see whether Morsi will use the platform to press for support for change in Syria.


Clic here to read the story from its source.