Al-Jaghbir: China Partnerships Boost Industry and Cut Trade Deficit
Reports indicate that the royal visit to China presents an important opportunity to attract Chinese investments and strengthen industrial partnerships in Jordan, with the aim of reducing the significant trade deficit, which is approximately $6.3 billion in imports compared to annual exports of $430 million. Cooperation with China, which exceeds $3.5 billion in investments, is viewed as contributing to technology transfer and the development of local industries, especially in the fields of electricity and joint manufacturing, supporting Jordan's goal of becoming an industrial hub. Efforts are underway to turn understandings into actual projects, with the government and private sector following up on the outcomes of the visit.
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