China Is Ready to Accompany Algeria in its Economic Crisis, Ambassador Yang Guangyu says
الشروق أونلاين
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The signature of a project in Cherchel. Photo: copyright
China is ready to accompany Algeria in the current economic situation, and help it build a diversified economy, Ambassador of the Republic of China to Algeria, Yang Guangyu, said.
“There is a need to improve the investment climate. The completion of the largest commercial port in the center of Algeria is a very important partnership project, that will be funded two Chinese banks on stages”.
Chinese ambassador to Algiers, Yang Guangyu, said on Monday, at a press conference at the headquarters of the embassy in Algiers, to present the main outlines of bilateral relationships between the two countries, that Algeria has become a strategic partner in many areas.
“There is a need to develop and expand cooperation to include economic, industrial and commercial areas, even in the field of sports and education.”
“New commercial port’s project, which is expected to be created in Cherchell (eastern Algiers).Partnership is very important for the two countries, given the economic importance of the project, which will lead to the creation of a mixed company over ten years, and it will be funded by two Chinese Banks through several stages.”
