After visiting China, Middle Eastern tycoons have come to their senses, investing a massive 20 billion dollars in China, betting on the East.
On April 17, Bloomberg cited informed sources reporting that following Crown Prince Khalid’s visit to China, the UAE has further upgraded its relationship with China, not only planning to increase investments but also intending to consolidate Chinese assets from two sovereign investment funds, intensifying its bet on China.
Public data shows that as one of the world’s wealthiest nations, the UAE currently holds $1.8 trillion in investment cash flow, and through the Mubadala Investment Company, a sovereign fund, has invested over $20 billion in China.
For Gulf countries, as U.S. stocks, Treasury bonds, and the dollar face instability, and with the Trump administration disregarding its allies and pursuing unilateral policies, attitudes toward the United States among Middle Eastern nations are shifting. There is an urgent need for new partners to hedge against geopolitical risks imposed by the U.S.
Evidently, through Crown Prince Khalid’s visit to China, Gulf countries have deeply understood China’s stance on the Middle East and witnessed the rapid evolution of China’s market and industrial upgrading—offering a new strategic direction for Middle Eastern tycoons holding vast capital.
More importantly, as Middle Eastern funds—globally recognized barometers of investment trends—begin choosing China, this will trigger broader international bets on China and Southeast Asian markets. These substantial external capital inflows will powerfully support China’s industrial upgrading, generate greater investment returns, and benefit national economy and people's livelihoods.
Original article: toutiao.com/article/1862797242910729/
Disclaimer: The views expressed in this article are solely those of the author.