The fourth International Buyers Conference for Linyi Commercial City in China has brought together 2,000 clients, including Algerian businessmen, to explore new trade and partnership opportunities. The conference, which took place from October 28 to 30, aims to enhance economic cooperation and investment between China and its international partners. Linyi City, known for its wholesale market and six million products, has set new records in its fourth edition. The event provides a platform for Algerian entrepreneurs to discover new opportunities in various sectors.
Linyi City's mayor, Yu Shengtao, emphasized the importance of the conference in promoting trade exchange and expanding cooperation between Linyi and global markets. He highlighted the city's comprehensive transportation and logistics services, which enable it to connect local and international markets and facilitate the movement of goods. The city's wholesale market offers a wide range of products at competitive prices, taking advantage of its large trading volume, diverse goods, and developed marketing and distribution channels.
Chen Baiwei, Director-General of the Office of the Foreign Affairs Committee of Shandong Provincial Party Committee, stressed the significance of the conference in enhancing economic and trade relations between China and its international partners. He welcomed participants from various countries and regions, highlighting Shandong Province's industrial and commercial capabilities and its role in supporting Chinese enterprises' openness to external markets.
The conference has provided a space for Algerian businessmen to explore new opportunities in various sectors, including agriculture, industry, and automotive parts. According to Abdallah Ibrahim Al-Fareed, Vice President of the African-Chinese Association for Cooperation, Development, and Investment, the economic relations between China and Algeria offer promising opportunities for developing trade and investment cooperation. He emphasized the potential for cooperation in the agricultural sector, including the exchange of agricultural machinery and technical expertise.
Al-Fareed also highlighted the potential for cooperation in the industrial sector, including the development of Algerian industries and the use of Chinese technology to modernize production means and improve industrial capabilities. He stressed the importance of direct contact between Chinese and Algerian investors to enhance trade relations and develop economic partnerships. The creation of effective communication channels will enable enterprises and businessmen from both countries to identify available investment opportunities and explore the possibility of implementing joint projects.
The conference has also highlighted the importance of Africa's raw materials and natural resources in cooperation with Chinese factories, which need these inputs for various industrial activities. This opens up the possibility of establishing joint production and manufacturing projects, allowing for the use of available resources and the development of local industrial capacities. Al-Fareed emphasized that enhancing cooperation between China and Algeria, as well as expanding partnerships with other African countries, requires intensifying communication between investors and economic institutions.
The International Buyers Conference for Linyi Commercial City has provided a platform for Algerian businessmen to explore new trade and partnership opportunities with China. The event has highlighted the potential for cooperation in various sectors, including agriculture, industry, and automotive parts. As the conference comes to a close, participants are expected to establish new partnerships and explore opportunities for economic cooperation and investment between China and Algeria.
Key points
- Algeria and China are exploring new trade and partnership opportunities in various sectors, including agriculture, industry, and automotive parts.
- The fourth International Buyers Conference for Linyi Commercial City has brought together 2,000 clients to enhance economic cooperation and investment between China and its international partners.
- The conference has highlighted the importance of direct contact between Chinese and Algerian investors to enhance trade relations and develop economic partnerships.
