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Leaders from Chinese economic powerhouse arrive for the World CEO Forum in Dubai

United Arab Emirates: Sunday, February 05 - 2006 @ 12:24

The UAE currently hosts the largest number of Chinese businesses in the GCC, with 2,000 Chinese companies are doing business in the Emirates and an estimated US$10 billion trade between the two countries.

“Trade and investment between China and the UAE is growing steadily and we see great opportunity to establish new contacts with local and foreign organizations here,” XING Liangzhong, vice mayor, Dalian Municipal Government. “Through the World CEO Forum, we will also have meetings with business leaders from the USA, Europe and other parts of the world. The UAE provides an ideal venue for such meetings and we look forward to doing business with the Emirates for a long time to come.”

Dalian exported 12.435 billion US dollars of products to 170 nations and regions worldwide during 2005 and the total import and export volume amounted to US$23.523 billion. Exports increased by 22.5% and the value of imports increased by 19.5% to US$11.088 billion. Dalian has already achieved great success in attracting foreign businesses and has five ‘Pioneering Developments’; an economic and technological development zone, a high-tech industrial park, a national holiday resort, a bonded area and the central business district of Dalian Xinghai Bay.

“The World CEO Forum is really a meeting of east and west, so we are delighted to have such strong attendance from China,” said James Magee, organizer and managing director of ITD Partners. “The feedback we have received from businessmen in the USA, Europe, UAE and from other countries has been extremely positive. China is on everyone’s agenda at the moment and there is a growing list of business leaders asking for introductions to the delegation from Dalian.”

Accompanying Mr Liangshong in the delegation are senior representatives from the Dalian Municipal Government, the Dalian Foreign Trade Bureau, Dalian Shide Group, the Dalian Bingshan Group Import and Export Company, Dalian Dashang Group, the Household Appliances Company of the Dashang Group, Dalian Rongjun Cultural Exchange Centre, and the Dalian Association for International Relations.

By the end of 2005, the total number of foreign-funded enterprises approved in Dalian had grown to over 10 thousand ventures from over seventy countries and regions. Some 4,000 of these ventures have started operation and production. Dalian Economic & Technological Development Area (DDA) is now one of the biggest economic and technological development areas in the north of China with 1,581 registered foreign funded enterprises, with a total contract foreign capital of US$8.6 billion and actual in-place foreign capital of US$ 3.9 billion. Among these companies there are more than 300 with investment exceeding US$10 million. DDA industries include chemicals, new materials, electronic communications, integration of mechanical and electrical industries and bio-pharmaceuticals.

Home to China’s largest single shipyard, Dalian’s total industrial production reached 249.19 billion Yuan during 2005, seeing a 23.1% increase on the previous year. The region is also a leader in agriculture and fisheries, being well-known both in China and abroad for its fruit and aquatic products. Dalian’s 2005 total annual output from agriculture, forestry, animal husbandry and fishery of 34.28 billion Yen, 15.9% higher than that of 2004.

In addition to its industrial achievements, Dalian is one of China’s top ten tourism cities and was recently selected as China’s most habitable city out of about 660 cities on the Chinese mainland, beating Beijing by 14 places. The accolade followed a survey by Beijing-based polling agency Horizon Group, which took into account traffic, environment, social welfare and security.

Often referred to as being one of the ‘big four’ alongside Brazil, Russia and India, as one of the world’s biggest, fastest-developing economies, China registered an estimated gross domestic product (GDP) of 18.23 trillion Yuan (or US$ 2.26 trillion) for 2005 and its economy grew 9.9 percent. Dalian itself registered a 2005 GDP of 229 billion Yuan (or US$ 28.38 billion) with a 14.2% increase on 2004.

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Sunday, February 5- 2006 @ 12:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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