All told, China’s trade with the Arab world approaches a whopping $245 billion, a roughly 700% increase since 2004. All told, China’s trade with the Arab world approaches a whopping $245 billion, a roughly 700% increase since 2004. China’s “investments” in the region can seem like whopping sums, nearly $200 billion in total since 2005, according to AEI’s China Global Investment Tracker. In two cases, however, Algeria and Egypt, China’s significant project investments have likely been a boost to local job creation. FDI Intelligence notes that half of China’s investments into Egypt since 2015 have targeted manufacturing from consumer electrics and automotive parts to the food and beverage sector.

Source: The North Africa Journal December 17, 2020 17:48 UTC