China, UAE enjoy close economic bonds, exchanges

  • Monday 22, July 2019 01:34 PM
Sharjah24 – Reuters: China and the United Arab Emirates (UAE) are deepening their economic and people-to-people exchanges.
China is among the top four national sources of investment in UAE.

Chinese investments in real estate of the UAE have been quickly rising over the past four years, up 64 percent between 2016 and 2017 and it's expected to grow 70 percent in 2019.

More than 1.1 million Chinese tourists visited the UAE in 2018.

There are over 150 commercial flights every week between the two countries.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, is visiting China from July 21 to 23, at the invitation of Chinese President Xi Jinping to mark 35 years of diplomatic ties of the two countries.

Chinese diplomats say the two nations are enjoying their "best period" in history now.