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China Firms Eye Damascus

China Firms Eye Damascus

The Syrian-Chinese Economic Development Forum opened in Damascus on Tuesday, November 3, with 16 Chinese companies taking part. It aims to explore investment opportunities and launch joint projects in construction, industry, energy and housing, while supporting reconstruction. The two-day forum includes sessions with Syrian government bodies to develop practical partnerships and investment agreements, and to facilitate the transfer of technology and industrial expertise. Observers noted that security and political obstacles, along with a fragile investment climate, limit cooperation. Damascus, meanwhile, is seeking to benefit from Chinese expertise without provoking tensions with the United States and the West.

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