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The Damascus-Moscow bonding
Global Village Space |
News Analysis |
The Syrian quagmire is attracting the attention of many players in the game. The conflict has further exacerbated crises in the volatile Middle East. Amid uncertainty over the future, Beijing and Damascus are already discussing the post war scenario, one that will see them come closer.
The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo stuffed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”. This will be followed up by Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.
“China is intending to invest $2 billion in the creation of an industrial park in Syria that will initially bring together 150 Chinese companies,” Qin Yong, the deputy chairman of the China-Arab Exchange Association, announced Sunday during the first Syria reconstruction projects fair in Beijing.
A strong signal
China has healthy military and economic relations with Syria. Along with Russia, it has vetoed three resolutions on choking the Assad Regime. China’s support for the Syrian government is owed to two factors other than economics. It fears that extremism can sprawl into China with the Uyghur extremists getting a new place to train. China also fears that the rebels if successful can stir up agitation inside China.
As the ISIS are losing their grip in the country, China may be politically and economically more willing to take on a lead role in post war Syria.
China officially got involved in Syria last year by appointing its special representative for the country. Furthermore, Beijing combines its diplomatic efforts with the provision of humanitarian aid to the Syrians.
Read more:Russia and China again veto resolution imposing sanctions on Syria
As the ISIS is losing their grip in the country, China may be politically and economically more willing to take on a lead role in post war Syria. The Syrian Ambassador to China Imad Moustapha had earlier stated that China, Russia, and Iran will have priority over anyone else for all infrastructure investment and reconstruction projects when the war is over.
The massive amount of foreign currency reserves (more than $3 trillion) held by China seems enough to cover the expenses needed for post-Syrian war reconstruction.
It is important to remember that before the war China had already invested tens of billions of US dollars in Syria’s oil and gas industry. Naturally, the priority for Damascus, once the war is over, will be the massive reconstruction of widely destroyed infrastructure. China could be part of that via the AIIB.
Read full article:
The Damascus-Moscow bonding
Global Village Space |
News Analysis |
The Syrian quagmire is attracting the attention of many players in the game. The conflict has further exacerbated crises in the volatile Middle East. Amid uncertainty over the future, Beijing and Damascus are already discussing the post war scenario, one that will see them come closer.
The China-Arab Exchange Association and the Syrian Embassy organized a Syria Day Expo stuffed with hundreds of Chinese specialists in infrastructure investment. It was a sort of mini-gathering of the Asia Infrastructure Investment Bank (AIIB), billed as “The First Project Matchmaking Fair for Syria Reconstruction”. This will be followed up by Syria Reconstruction Expo; the 59th Damascus International Fair next month, where around 30 Arab and foreign nations will be represented; and the China-Arab States Expo in Yinchuan, Ningxia Hui province, in September.
“China is intending to invest $2 billion in the creation of an industrial park in Syria that will initially bring together 150 Chinese companies,” Qin Yong, the deputy chairman of the China-Arab Exchange Association, announced Sunday during the first Syria reconstruction projects fair in Beijing.
A strong signal
China has healthy military and economic relations with Syria. Along with Russia, it has vetoed three resolutions on choking the Assad Regime. China’s support for the Syrian government is owed to two factors other than economics. It fears that extremism can sprawl into China with the Uyghur extremists getting a new place to train. China also fears that the rebels if successful can stir up agitation inside China.
As the ISIS are losing their grip in the country, China may be politically and economically more willing to take on a lead role in post war Syria.
China officially got involved in Syria last year by appointing its special representative for the country. Furthermore, Beijing combines its diplomatic efforts with the provision of humanitarian aid to the Syrians.
Read more:Russia and China again veto resolution imposing sanctions on Syria
As the ISIS is losing their grip in the country, China may be politically and economically more willing to take on a lead role in post war Syria. The Syrian Ambassador to China Imad Moustapha had earlier stated that China, Russia, and Iran will have priority over anyone else for all infrastructure investment and reconstruction projects when the war is over.
The massive amount of foreign currency reserves (more than $3 trillion) held by China seems enough to cover the expenses needed for post-Syrian war reconstruction.
It is important to remember that before the war China had already invested tens of billions of US dollars in Syria’s oil and gas industry. Naturally, the priority for Damascus, once the war is over, will be the massive reconstruction of widely destroyed infrastructure. China could be part of that via the AIIB.
Read full article:
The Damascus-Moscow bonding
