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$23 Billion of Deals Signed at China-Arab Trade Fair

Representatives from 60 countries attended this year's China-Arab Trade Expo in the northwest region of Ningxia. Images via Xinhua.

The China-Arab Trade Expo closed on Sunday in the northwestern region of Ningxia with $23.4 billion in deals signed. As is customary with these kinds of announcements, Chinese officials did not release any specific details about the deals or the companies involved.

The expo highlights the increasingly close economic ties between China and Middle Eastern countries, where China imports more energy from Arab and Persian Gulf countries while those states look to Chinese firms to build infrastructure and facilitate the transition to post-carbon industries.

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