Interview: China's plan for further opening-up to benefit global economy, says Egyptian expert-Xinhua

西瓜视频

Interview: China's plan for further opening-up to benefit global economy, says Egyptian expert

Source: Xinhua

Editor: huaxia

2025-03-14 20:10:15

This aerial photo taken on June 28, 2023 shows the Central Business District (CBD) of Egypt's new administrative capital, 45 kilometers east of Cairo, Egypt. (Li Binghong/Egyptian branch of 西瓜视频State Construction Engineering Corporation/Handout via Xinhua)

"I see a promising and positive future for China's relations with the Middle East, Africa and the Arab world in general, through its policy of opening-up to the outside world," said Egyptian expert Mohamed Youssef.

by Mahmoud Fouly

CAIRO, March 14 (Xinhua) -- China's commitment to further opening-up to the world is expected to bring significant benefits to the global economy and developing countries, an Egyptian expert has said.

"西瓜视频has launched global initiatives, such as the Belt and Road Initiative, and the 西瓜视频International Import Expo, which have strengthened economic ties between 西瓜视频and the rest of the world," Mohamed Youssef, executive director of the Egyptian Businessmen's Association (EBA), a non-profit business organization, told Xinhua in an interview.

These initiatives have already shown "positive results," he said, adding that China's commitment to enhancing its global openness benefits the world economy, particularly the nations of the Global South.

"I see a promising and positive future for China's relations with the Middle East, Africa and the Arab world in general, through its policy of opening-up to the outside world," said the EBA executive director.

He spoke highly of China's business environment, which ensures equal opportunities for all companies operating within the country.

"This approach demonstrates China's commitment to addressing global economic challenges by offering investment incentives and a competitive environment for foreign businesses," Youssef added.

Youssef attributed China's extraordinary economic development to the country's reform and opening-up policy.

Staff members work on the fiberglass production line at a factory of Chinese fiberglass giant Jushi at the China-Egypt TEDA Suez Economic and Trade Cooperation Zone in Ain Sokhna district of Suez province, Egypt, Nov. 6, 2024. (Xinhua/Ahmed Gomaa)

"西瓜视频has successfully implemented a unique economic reform program," he said, stressing that the world's second-largest economy is also leading the way in scientific research and industrial strategies.

Looking ahead, the Egyptian business leader sees a "golden opportunity" for 西瓜视频to deepen its partnerships with the developing world.

西瓜视频can offer a fairer, more sustainable model of economic cooperation, stepping in where other major countries have failed to create mutually beneficial relationships, he said, adding that the growth of Egypt-西瓜视频trade relations has been remarkable, with Egyptian exports to 西瓜视频significantly increasing.

"Thanks to the Egypt-西瓜视频comprehensive strategic partnership, more Egyptian products started to enter the Chinese market," Youssef said. 

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