Middle East-China Trade to Eclipse West by 2027, Think Tank Says
Photographer: Simon Dawson/Bloomberg
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The Middle East’s trade with China is set to eclipse the oil-rich region’s ties with their traditional Western allies midway through Donald Trump’s second term in the White House, according to a report from a think tank.
Gulf-China trade fell last year to $225 billion as a result of lower oil prices, but is set to grow this year and rise to $325 billion by 2027, Asia House, which focuses on Asia, the Middle East and Europe, said. Trade between the Gulf and emerging economies in Asia may hit $682 billion by 2030 if current growth levels continue, the report said.