加入 getAbstract 阅读摘要

Chinese Companies Cash in on Dubai

加入 getAbstract 阅读摘要

Chinese Companies Cash in on Dubai

Registrations of Chinese Companies at Dubai Multi Commodities Centre Have Grown by an Average of 46% Annually over the Past Five Years

21st Century Business Herald ,

5 分钟阅读
5 个要点速记
音频和文本

看看什么内容？

Thriving cooperation between China and Dubai attracts more Chinese companies to set up shop at Dubai’s free trade zone.

自动生成的音频
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
自动生成的音频

Editorial Rating

6

Qualities

  • Overview
  • Background

Recommendation

The number of Chinese companies setting up at Dubai Multi Commodities Centre (DMCC) – the largest free trade zone in the United Arab Emirates – is increasing. The steady implementation of China’s development strategy, the Belt and Road Initiative, is reinforcing that trend. Yang Yueqi, reporter for the 21st Century Business Herald, one of the most influential business newspapers in China, interviews DMCC CEO Gautam Sashittal about the center’s merits and plans for the future. Unsurprisingly, much of the interview reads like advertisement for DMCC. Nonetheless, getAbstract recommends this article to company executives who like to keep an eye on Chinese companies’ movements.

Summary

Dubai Multi Commodities Centre (DMCC) is Dubai’s strategic governmental initiative to foster global commodities trade. For China’s business community, Dubai presents the opportunity to strengthen trade ties with emerging and established markets. Among the companies licensed at DMCC are video surveillance company Hikvision, energy company Power China, electronics company Hisense, oil and gas company Sinopec, China Harbor Engineering Company and China State Construction Engineering Corporation. The majority of Chinese companies at DMCC are large enterprises involved in infrastructure and technology.

Since 2012, the number of registrations of Chinese companies at DMCC has grown on average 46% annually. However, considering...

About the Author

Yang Yueqi is a reporter for the 21st Century Business Herald, one of the leading business newspapers in China.

Comment on this summary