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Thursday, August 23, 2012

Egypt: ''Morsy to visit China''

first Iran and now China...................From Daily News Egypt

''President Morsy is scheduled to meet Chinese President Hiu Jintao on 27 August as part of a three-day visit to the People’s Republic of China, prompted by President Jintao’s invitation. The two leaders plan to discuss the situation in Syria and the Palestine, as well as ways of enhancing trade relations between the two nations

Chinese commodities saturate the Egyptian market, mainly because of their highly competitive prices. According to a 2009 study published by the Global Arab Network, the Egyptian-Chinese trade exchange marked a trade deficit in China’s favour, with Egyptian exports to China valued at $752 million, compared to Chinese exports to Egypt amounting to $3.59 billion.''

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