Arab Today, arab today chinagulf trade reaches 155bn
Last Updated : GMT 14:57:10
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China-Gulf trade reaches $155bn

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Arab Today, arab today China-Gulf trade reaches $155bn

Beijing - QNA

The bilateral trade between China and Gulf Arab states amounted to $155 billion in 2012, an increase of 15.9 percent year-on-year and accounting for about 70 percent of trade between China and Arab countries. According to China’s Tax Administration, Saudi Arabia remains China’s largest trade partner in West Asia and Africa, with bilateral trade growing 13.9 percent to $73.3 billion in 2012. China has replaced the US to become the largest trading partner for Saudi Arabia, Chinese media reported.

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