China and Egypt to Practice True Multilateralism and Promote a Multipolar World

Chinese Premier Li Qiang expressed willingness to work with Egypt to promote true multilateralism and a multipolar world. He also emphasized the importance of equal and orderly multipolarization and universally beneficial economic globalization during a meeting with Egyptian President Abdel Fattah El-Sisi. Li is on an official visit to Egypt.

Chinese Premier Li Qiang is currently on an official visit to Egypt, where he has expressed a strong commitment to promoting true multilateralism and a multipolar world. During his meeting with Egyptian President Abdel Fattah El-Sisi, Premier Li emphasized the importance of equal and orderly multipolarization, as well as universally beneficial economic globalization [3].

Premier Li's visit comes at a critical juncture for both nations, as they look to deepen their strategic partnership. The visit is expected to translate the high-level consensus reached during the landmark meeting between Chinese President Xi Jinping and Egyptian President Abdel Fattah al-Sisi in May 2024 into tangible progress. This meeting, which produced crucial strategic agreements and a joint declaration to deepen the comprehensive strategic partnership, set the stage for what is being celebrated as the "China-Egypt Year of Partnership" [1].

The discussions during Premier Li's visit are anticipated to cover a wide range of topics, from bilateral ties to pressing regional and international issues. The Chinese Foreign Ministry has noted that the visit aims to "carry forward the traditional friendship, deepen mutually beneficial cooperation, and continuously advance China-Egypt relations toward the goal of building a community with a shared future for a new era" [1].

The enduring strength of the China-Egypt relationship is rooted in strategic trust cultivated over decades of consistent high-level engagement. Egypt was the first Arab and African nation to establish diplomatic ties with the People's Republic of China in 1956, a pioneering step that laid the foundation for a robust partnership. This relationship has been elevated to a "Comprehensive Strategic Partnership," reflecting a shared understanding of and mutual support for each other's core interests and development paths [1].

Economically, the partnership has aligned China’s Belt and Road Initiative (BRI) with Egypt's Vision 2030, creating powerful synergies. The China-Egypt TEDA Suez Economic and Trade Cooperation Zone stands as a flagship project, having attracted over 185 companies with investments totaling around $3 billion, transforming a swath of desert into a vibrant industrial hub. Similarly, Chinese enterprises have been instrumental in the construction of Egypt’s new administrative capital, including its iconic Central Business District, a project that is reshaping the country’s urban landscape [1].

Premier Li's visit also coincides with Nvidia CEO Jensen Huang's planned visit to Beijing to launch a new artificial intelligence chip tailored for the Chinese market. The chip, a modified version of Nvidia’s Blackwell RTX Pro 6000 processor, is expected to launch in September. Despite the chip’s reduced capabilities due to tightened U.S. export controls, Chinese firms have expressed strong interest due to the high cost of switching away from Nvidia’s CUDA software [2].

In conclusion, Premier Li Qiang's visit to Egypt is another pivotal moment, reaffirming a shared commitment to a partnership that is both historic and forward-looking. The relationship is a living example of how two great civilizations can work together to navigate a complex world, forging a path of common development and shared prosperity. As China and Egypt continue to deepen their cooperation, they are not only serving the interests of their own people but are also building a model of international relations for a new era—an era defined by partnership, mutual respect, and a relentless pursuit of a shared future for all humanity.

References:
[1] https://see.news/a-partnership-for-a-new-era-the-china-egypt-bond-and-its-resonance-beyond
[2] https://www.investing.com/news/stock-market-news/nvidia-ceo-plans-beijing-visit-ahead-of-new-ai-chip-launch-in-china--ft-4129064
[3] https://thedailycpec.com/premier-li-urges-chinese-firms-to-expand-in-latin-america/