Xi offers remedies for Mideast predicaments, aid to Arab development

Chinese President Xi Jinping delivers a speech at the Arab League headquarters in Cairo, Egypt, Jan 21, 2016. [Photo/Xinhua]

TANGIBLE HELP

Also in his speech, the Chinese president introduced a host of fresh moves including loans, financial aid and common investment fund to help improve livelihood, fight terrorism and promote development in the Arab world.

The Chinese government has decided to pledge 50 million RMB (7.53 million U.S. dollars) to help improve the lives of the Palestinians and 230 million RMB (about 35 million dollars) for Syria, Jordan, Lebanon, Libya and Yemen as humanitarian assistance, said Xi.

Beijing also wants to promote the industrialization in the Middle East. To achieve that end, China is going to hand out a number of loan programs, including a 15-billion exclusive loan, a 10-billion business lending, and 10 billion concessional loans so as to facilitate production capacity cooperation between China and the regional countries, according to the president.

Meanwhile, China also prepares to work with the United Arab Emirates and Qatar to set up a common investment fund worth 20 billion dollars that focuses on traditional sources of energy in the Middle East, infrastructure, and high-end manufacturing.

Xi also offered in his speech 300 million dollars for law enforcement cooperation, police training so as to help build up the abilities of the regional countries to maintain stability.

China also planned to provide 1,000 training opportunities for young Arab leaders, and strengthen exchanges among their think tanks, experts and scholars.

CHINA'S DOS AND DON'TS IN MIDEAST

The Chinese leader also said his country will neither look for proxies nor try to fill any "vacuum" in the Middle East, adding that Beijing has no intention of building any sphere of influence in the region.

"Instead of looking for a proxy in the Middle East, we promote peace talks; instead of seeking any sphere of influence, we call on all parties to join the circle of friends for the Belt and Road Initiative; instead of attempting to fill the 'vacuum', we build a cooperative partnership network for win-win outcomes," he said.

Meanwhile, Xi promised that China will not link terrorism with any specific ethnic group or religion, as doing so will only create ethnic and religious tensions, adding that there should be no double standards in battling terrorism.

Also, he said the Middle East is the meeting place of ancient human civilizations and home to diverse and splendid cultures. China will continue to unswervingly support Middle East and Arab states in preserving their ethnic and cultural traditions, and oppose all forms of discrimination and prejudice against specific ethnic group and religion.

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