China and Egypt Pledge Deeper Strategic Ties and Mutual Benefit Amid Growing Economic Cooperation

Chinese Premier Li Qiang concluded a 2-day visit to Egypt, reaffirming stronger bilateral ties and pledging deeper cooperation. China and Egypt have maintained a close friendship for nearly 70 years, with their traditional friendship growing stronger over time. The two countries have also seen fruitful results from practical cooperation and have become strategic partners with a shared future. China is a major trade and investment partner for Egypt, with bilateral trade exceeding $17 billion in 2024 and Chinese investments surging in the Suez Canal Economic Zone.

Chinese Premier Li Qiang concluded a two-day visit to Egypt, reaffirming stronger bilateral ties and pledging deeper cooperation. The visit comes at a critical juncture for both nations, as they look to deepen their strategic partnership. During his meeting with Egyptian President Abdel Fattah El-Sisi, Premier Li emphasized the importance of equal and orderly multipolarization and universally beneficial economic globalization [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 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