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اليوم السابع
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Mostafa Al-Banna: Chinese President's Egypt Visit Boosts Cooperation
MP Mustafa Al-Banna confirmed that President Xi Jinping's visit to Egypt after a decade of absence represents an opportunity to strengthen the economic and developmental partnership between the two countries, especially as trade exchange is approaching $20 billion, with China enjoying a surplus of over $19 billion. He pointed out the importance of transforming Chinese investments exceeding $10 billion into factories within the Suez Canal Economic Zone to produce electric vehicles, data screens, and solar energy solutions, aiming to make Egypt a key hub for Africa and the Middle East. He also emphasized the necessity of translating partnership initiatives in BRICS and the Belt and Road Initiative into mechanisms for using national currencies in transactions, to reduce pressure on hard currency and achieve economic balance. Additionally, he highlighted the importance of Chinese tourism in boosting Egypt's economy and presenting a stable image. He considered the visit an opportunity to move from political consensus to strategic cooperation that ensures mutual benefit and strengthens relations between the two countries.
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