Capital Gains: Understanding China’s Economic Involvement in the Middle East
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Capital Gains: Understanding China’s Economic Involvement in the Middle East
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In March 2023, Saudi Arabia and Iran announced a historic agreement to normalize relations after years of regional competition and proxy conflict. As significant as the deal itself was, the role that China played in helping to broker the agreement took center stage in diplomatic circles. Though this moment served as a dramatic example of China's growing role in the Middle East, it did not occur in a vacuum. For years, China has been growing its trade and investment across the region. As a result, China has established itself as the largest trade partner for regional powers like Egypt, Saudi Arabia, and the UAE.
How do we make sense of China's growing economic involvement in the Middle East, and what trends can we expect in the future?
With us today to understand China's economic involvement in the Middle East is Zoe Liu, the Maurice R. Greenberg Fellow for China Studies at the Council on Foreign Relations. Zoe is author of Sovereign Funds: How the Communist Party of China Finances its Global Ambitions, which is the first in-depth account of the sudden growth of China’s sovereign wealth funds and their transformative impact on global markets, domestic and multinational businesses, and international politics.