Gulf Roundtable: The New Silk Road
For the first time in modern history, China has surpassed the United States as the largest exporter to the Middle East, with revenues totaling around $60 billion per year. Ben Simpfendorfer, chief China Economist for the Royal Bank of Scotland, suggests that the figure reflects a “historical rebalancing” in the global economy and that China-Middle East ties will continue to grow. Simpfendorfer offered his assessment at a Gulf Roundtable hosted by the CSIS Middle East Program on September 15, 2009.
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