China No.1 exporter to the ME 7, September 2009
Posted by thegulfblog.com in China and the ME, Middle East.Tags: China, China and the Middle East, Exporting, Middle East, Silk Road
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Here’s a quick note of an interesting article in – of all places – the Torygraph, by the author of the New Silk Road Blog. It highlights the trend of China’s ever growing exports to the Middle East to the tune that they are now the number one exporter to the Middle East at $60bn (up from just $4bn a decade ago).
It contains a few interesting nuggets of information such as the existence of ‘a virtual Arab market town’ not far from Shanghai as so many buyers from the Middle East apparantly go there to look for products and it also cautions as to the effects of cheap Chinese products flooding Middle Eastern cities. Whilst Kuwait City and Doha need not worry so much, Damascus and Cairo, with their enormous populations, the young-age of many and their skills sets, have something to fear from this. The author concludes that this can only draw on a protectionist backlash at some stage.
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