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HE SHEIKH ABDULLAH BIN SAUD AL-THANI MEETS CHINESE COUNTERPART

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HE SHEIKH ABDULLAH BIN SAUD AL-THANI MEETS CHINESE COUNTERPART

Sept 29 2014, 9.13am GMT

Stock.com

HE Governor of Qatar Central Bank (QCB) Sheikh Abdullah bin Saud Al-Thani met Wednesday with Governor of People's Bank of China (China's central bank) Zhou Xiaochuan in Beijing.

  
The meeting between QCB and People's Bank of China was attended by HE Qatar's Ambassador in Beijing Sultan bin Salmeen Al Mansouri and the delegation accompanying HE Sheikh Abdullah bin Saud Al-Thani. Both sides of the meeting dealt with the relations between the State of Qatar and the People's Republic of China, especially in the fiscal, monetary and investment fields

 

HE Governor of Qatar Central Bank arrived in Beijing Tuesday, heading a financial delegation, on a several-day official visit to China. 

The delegation includes a number of senior officials from QCB, Qatar Financial Centre, QFC Regulatory Authority, Qatar Investment Authority, a representative of Qatar Airways and chief executive officers of Islamic banks and Islamic insurance companies operating in Qatar. 

The visit is the second of HE Governor Sheikh Abdullah bin Saud Al-Thani during the current year, where he paid a similar visit to China last April during which he signed with Governor of People's Bank of China a renewal of the agreement on the investment of Chinese currency and investment tools for two years, took place in Doha in 2012. 

Qatar and China are linked with diplomatic relations since 1988. Since then, the two countries have signed a number of bilateral agreement foremost of which were: An agreement on trade in 1993, an agreement on the development and protection of investment between the two governments in 1999 and an agreement on the sales and purchase of Liquefied Natural Gas signed between Qatargas and China National Offshore Oil Corporation (CNOOC) in 2008. 

 

In 2013 the trade exchange between Qatar and China increased by 24.2% compared to 2012 and reached $11.5 billion, with Qatari exports hitting $8.8 billion, while Qatari imports from China reached $2.7 billion.  

To note, the Liquefied Natural Gas constitutes most of the Qatari exports to China, while Qatari imports from china include building and construction raw materials and electronics.

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