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Expert: China's Model Supports Egypt's Growth
The article discusses the economic relations between Egypt and China, where economic expert Walid Gaballah affirms that the Chinese "win-win" model aligns with Egyptian development visions. It notes that the volume of trade exchange exceeds $9 billion annually, with over 2,800 Chinese companies present in Egypt. The article highlights major projects carried out by China in Egypt, such as the towers in the new administrative capital, the railway connecting the capital to Cairo, and projects at the Banban power station. It emphasizes the importance of moving from merely importing Chinese products into Egypt to transferring technology and deepening manufacturing, with the aim of achieving a greater balance in the trade deficit and developing local industries in energy and telecommunications sectors.
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