China's Commerce Minister Zhong Shan attends a news conference of BRICS (Brazil, Russia, India, China and South Africa) trade ministers meeting in Shanghai, China August 2, 2017. REUTERS/Aly Song
BEIJING - 25 May 2019: The trade exchange between China and Arab countries has recorded a notable annual growth of 28 percent recording 244.3 billion dollars in 2018.
China's imports from Arab countries hit 139.4 billion dollars in 2018, while the exports of the Asian country to the Arab ones stood at 104.9 billion dollars, according to the latest figures published by the Chinese Ministry of Commerce on Saturday.
Chinese companies carried out new projects in Arab countries during 2018 with a cost of 35.6 billion dollars, with an annual increase of nine percent, the ministry added, noting that the value of Chinese business recorded 27.8 billion dollars.
China pumped investments worth 1.2 billion dollars in all sectors in Arab countries throughout 2018, the ministry pointed out.