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GCC and China Seek Deeper Financial and Banking Ties

Original: Growing Economic Relations Between GCC States and China Reflect Depth of Shared Interests and Promising Opportunities; Both Sides Aspire to More Integrated Financial and Banking Partnership Translating Dialogue into Practical Initiatives

The Gulf Cooperation Council says growing economic relations between GCC states and China reflect deep shared interests and promising opportunities. In a statement, the bloc's general secretariat said both sides want a more integrated financial and banking partnership that turns dialogue into practical initiatives, pointing to expanding trade and investment links between the Gulf region and Beijing.

Why now: The GCC has formally signalled ambitions to expand financial cooperation with China amid strengthening Gulf-Asia economic ties.

Gulf Cooperation CouncilChina

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