Trends Research and Advisory issued a comprehensive report entitled “China Modernization and the Development of China-UAE Relations”. The report highlights the growing cooperation between the two countries in various fields, including trade and investment, technology and culture.
The report addressed cooperation within the framework of the “Belt and Road” initiative. It stressed that the UAE is a major player in the land route of the initiative, linking China to Europe through Central Asia. The report indicated that several major projects have been implemented within this initiative, such as the model park for cooperation in the field of Chinese-UAE industrial capabilities, the second phase of the container terminal at Khalifa Port, and the Dubai Photovoltaic Thermal Power Plant.
The report also covered the economic and trade cooperation between the two countries, with China being the largest trade partner of the United Arab Emirates for many years. The report pointed out that the UAE has maintained its position as the largest market for China’s exports in the Middle East. The total volume of bilateral trade between the two countries reached about $95 billion in 2023. The two countries seek to strengthen their economic relations and increase trade exchange to $200 billion by 2030.
The Trends report covered the in-depth cooperation in the financial field. China and the UAE established and managed the first joint investment fund between China and the countries of the Middle East. They signed the first agreement that considered the “Renminbi” as a recognized currency in the Middle East, and established the first bridge of the “digital currency” between the central banks of three countries and four regions. The Chinese Central Bank (People’s Bank of China) and its UAE counterpart signed an agreement to renew the currency swap between the UAE and China for a period of five years with a total value of $4.9 billion.
The report analyzed the outstanding cooperation in the field of high-tech, and highlighted the UAE-China cooperation in building the world’s first artificial intelligence university in Abu Dhabi. The two parties cooperated to conduct the first phase of the international clinical trial of the Covid-19 vaccine. The report indicated that cooperation between the two countries in the fields of digital economy, vital health, space, and other fields has also witnessed great progress.
On the close people-to-people and cultural exchanges, the report indicated that the “One Hundred Schools Project” for teaching Chinese in the UAE has become the leading model for teaching Chinese in the world, and the UAE-Chinese Cultural Center will be operational soon.
In-depth studies and accurate analysis
Dr. Mohammed Abdullah Al-Ali, CEO of Trends Research and Advisory, said: “Trends is pleased to release this comprehensive report on the modernization of China and the development of China-UAE relations.” He pointed out that the report was the result of great efforts made by the Trends team. The team conducted in-depth studies and accurate analyses to identify opportunities for cooperation between the UAE and China. The team has also reviewed and updated the information on an ongoing basis to ensure the accuracy of the report content.”
Dr. Al-Ali expressed his conviction that this report will be a valuable resource for businesses, governments and investors who look for a better understanding of China-UAE relations.
Awad Al Breiki, Head of TRENDS Global Sector at TRENDS Research and Advisory, stressed the significance of the report in strengthening relations between the UAE and China. He said that it “provides a clear roadmap to enhance cooperation between the two countries in various fields.”
He explained that Trends’ report confirms the important role of scientific research in strengthening international relations, clarifying their dimensions and opportunities, and foreseeing their future. He added: “We at Trends Research and Advisory believe that cooperation between the UAE and China will benefit both countries and peoples.”
Sumaya Al Hadhrami, Deputy Head of the Trends Global Sector at TRENDS Research & Advisory explained that the report provides an in-depth analysis of the main aspects of cooperation between the two countries, including cooperation under the “Belt and Road” initiative, economic and trade cooperation, financial cooperation, high-tech, people-to-people and cultural exchanges. The report also provides practical recommendations for enhancing cooperation in all areas the relevant areas that were discussed.
Aisha Al-Rumaithi, Director of Conference Department, explained that Trends has discussed the report at an expanded conference that involved experts and decision-makers from both sides. She referred to the role of think tanks and research centers in strengthening international relations.
The Trends report covered the in-depth cooperation in the financial field. China and the UAE established and managed the first joint investment fund between China and the countries of the Middle East. They signed the first agreement that considered the “Renminbi” as a recognized currency in the Middle East, and established the first bridge of the “digital currency” between the central banks of three countries and four regions. The Chinese Central Bank (People’s Bank of China) and its UAE counterpart signed an agreement to renew the currency swap between the UAE and China for a period of five years with a total value of $4.9 billion.
The report analyzed the outstanding cooperation in the field of high-tech, and highlighted the UAE-China cooperation in building the world’s first artificial intelligence university in Abu Dhabi. The two parties cooperated to conduct the first phase of the international clinical trial of the Covid-19 vaccine. The report indicated that cooperation between the two countries in the fields of digital economy, vital health, space, and other fields has also witnessed great progress.
On the close people-to-people and cultural exchanges, the report indicated that the “One Hundred Schools Project” for teaching Chinese in the UAE has become the leading model for teaching Chinese in the world, and the UAE-Chinese Cultural Center will be operational soon.
In-depth studies and accurate analysis
Dr. Mohammed Abdullah Al-Ali, CEO of Trends Research and Advisory, said: “Trends is pleased to release this comprehensive report on the modernization of China and the development of China-UAE relations.” He pointed out that the report was the result of great efforts made by the Trends team. The team conducted in-depth studies and accurate analyses to identify opportunities for cooperation between the UAE and China. The team has also reviewed and updated the information on an ongoing basis to ensure the accuracy of the report content.”
Dr. Al-Ali expressed his conviction that this report will be a valuable resource for businesses, governments and investors who look for a better understanding of China-UAE relations.
Awad Al Breiki, Head of TRENDS Global Sector at TRENDS Research and Advisory, stressed the significance of the report in strengthening relations between the UAE and China. He said that it “provides a clear roadmap to enhance cooperation between the two countries in various fields.”
He explained that Trends’ report confirms the important role of scientific research in strengthening international relations, clarifying their dimensions and opportunities, and foreseeing their future. He added: “We at Trends Research and Advisory believe that cooperation between the UAE and China will benefit both countries and peoples.”
Sumaya Al Hadhrami, Deputy Head of the Trends Global Sector at TRENDS Research & Advisory explained that the report provides an in-depth analysis of the main aspects of cooperation between the two countries, including cooperation under the “Belt and Road” initiative, economic and trade cooperation, financial cooperation, high-tech, people-to-people and cultural exchanges. The report also provides practical recommendations for enhancing cooperation in all areas the relevant areas that were discussed.
Aisha Al-Rumaithi, Director of Conference Department, explained that Trends has discussed the report at an expanded conference that involved experts and decision-makers from both sides. She referred to the role of think tanks and research centers in strengthening international relations.
