China confirms importance of deepening cooperation with Egypt

CAIRO - 13 November 2019: Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Wang Yang urged Chinese companies operating in Egypt to play a bigger role in deepening friendship and cooperation between the two countries, Xinhua reported on Wednesday.

Yang made the remarks while meeting with representatives of 25 Chinese companies in Egypt. The companies'representatives reviewed their operations in Egypt and made proposals on strengthening bilateral relations.

The companies are China Development Bank, Tianjin Economic and Technological Development Zone, Huawei Technologies, China Construction Engineering Corporation and China Petrochemical Company.

Yang said on the sidelines of his official visit to Egypt that the Belt and Road Initiative is an important platform for building a society with a common destiny for humanity, pointing out that, under this concept, China aims to play its role as a builder of world peace and a contributor to global development

The Belt and Road Initiative, proposed by China in 2013, refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and aims to build a trade and infrastructure network linking Asia to Europe and Africa through the ancient Silk Road trade routes to seek common development and prosperity.

Yang expressed hope that Chinese companies in Egypt will enhance the image of China as a responsible and powerful force by presenting a good corporate image, taking social responsibilities, abiding by local laws, respecting local culture and customs, preserving the environment and protecting workers' rights.

He also expressed the willingness of the CPPCC to work with relevant authorities in China to improve policies and regulations that support the global orientation of Chinese enterprises.

Representatives of Chinese companies pledged to make further contributions to the development of China and Sino-Egyptian friendship by seeking to expand their operations in Egypt and promote bilateral cooperation between the two countries.

The Belt and Road Initiative was launched by the Chinese Government to enhance trade, investments, and infrastructure in more than 150 countries in Asia, Europe, Middle East, Africa, and Latin America. The initiative is a revival to what was known as “The Silk Road.”