Kuwait provides an abundance of opportunities for investment across numerous fields, a Chinese official said on Thursday, citing Beijing's increasing involvement in Kuwaiti development projects as part of broader bilateral cooperation. China looks forward to propel cooperation with Kuwait to even greater levels, which includes bolstering bilateral trade, which was worth a record high of USD 23 billion last year, Chinese National Committee of Political Consultative Conference member Cai Guanxin told Kuwaiti ambassador to Beijing Jasem Al-Najem during talks. The Kuwaiti envoy spoke of the "solidity" of bilateral relations, citing economic and cultural ties as the ones to have seen the most tangible growth, he said. In a testament to Beijing's growing significance to Kuwait, the envoy said China remains Kuwait's perennial trade partner, having held the distinction for "nine years in a row," he added. Source : Kuwait News Agency
Related Articles
China’s Loan Prime Rates Remain Unchanged
China’s one-year loan prime rate (LPR), a market-based benchmark lending rate, came in at 3.45 percent Monday, unchanged from the previous month.
The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from th…
Dollar Calm as Traders Await Clues on US Federal Reserve Meeting
The dollar was broadly steady on Monday as investors awaited further clues to help chart the US interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.
The Japanese yen was flat at…
Oil Prices on Track for 4th Straight Week of Gains
Singapore, Crude prices are heading for a fourth week of strong gains, remaining near their highest levels since late April, fueled by hopes of strong US fuel demand during the summer and some concerns about supplies.
Brent crude futures dropped two …
