China pumps investments of $35 million into Egypt during Q1

The Chinese direct investment in Egypt reached $35 million during the first quarter of 2020, while the total investment volume exceeded $7 billion, China’s Ambassador in Egypt Liao Liqiang said.

Trade between Egypt and China in the first quarter of 2020 reached $3.2 billion, he noted

He added during  the ninth press conference on the novel coronavirus, that a Chinese Import and Export fair will be organised and held online between June 14-24.

Concerning the coronavirus vaccine developed in China by Sinovac Biotech, Liqiang said the Chinese President, in a China-Africa Summit on Wednesday, has pledged to make African countries among the first to benefit from the vaccine.

President Xi Jinping will also help African countries by sending experts and necessary material to face the novel virus, building a Chinese-African hospital and enhancing cooperation between African and Chinese hospitals.