Senior Chinese and UAE officials convened in Beijing this week to explore enhanced economic collaboration, signaling growing confidence in Asia's largest economy. Chinese Vice Premier He Lifeng met with Majed Al Romaithi, chairman of the Abu Dhabi Investment Authority (ADIA), emphasizing China's commitment to high-level reform and financial sector openness.
He, a member of the Political Bureau of the Communist Party of China Central Committee, highlighted China's strong economic momentum in 2024, noting progress in high-quality development and stabilizing market expectations. \"China welcomes global financial institutions like ADIA to participate in our growth story,\" he stated, underscoring opportunities in the mainland's expanding financial markets.
Al Romaithi reaffirmed ADIA's long-term confidence in China's economy, expressing eagerness to deepen cross-sector partnerships. The discussions come as Beijing strengthens ties with Middle Eastern partners through its Belt and Road Initiative, with UAE investments in Chinese tech and infrastructure projects increasing 18% year-on-year since 2022.
Analysts suggest the dialogue reflects shifting global investment patterns, as Asian and Middle Eastern sovereign funds increasingly coordinate on emerging technologies and sustainable development projects.
