During a recent interview with CGTN’s Michael Wang, Benjamin Hung, President of International at Standard Chartered, shed light on the remarkable growth of the China-Middle East trade corridor. Hung highlighted that this corridor is one of the fastest-growing trade routes in the world, reflecting the strengthening ties between China and the Middle East.
“China is not only the largest trading partner of the Gulf Cooperation Council (GCC) but also a key contributor to infrastructure development across the Middle East,” Hung stated. He emphasized the significant role China plays in enhancing trade volumes and fostering economic development in the region.
Hung explained that the partnership between China and the Middle East extends beyond trade. China’s involvement in infrastructure projects has been pivotal in promoting regional connectivity and economic diversification. “The collaboration is unlocking new opportunities for both regions,” he added.
The China-Middle East corridor’s rapid growth is indicative of broader trends in global trade, where emerging markets are increasingly interconnected. As businesses and investors look toward these dynamic regions, the corridor stands as a testament to the potential of strategic partnerships in driving economic progress.
