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China becomes Dubai's largest trading partner

(People's Daily Online)    13:20, March 25, 2015

According to customs statistics released by Dubai of the United Arab Emirates, in 2014 bilateral trade between China and Dubai amounted to 175 billion dirhams (some 48 billion US dollars), an increase of 29 percent over the previous year.

China overtook India to become Dubai's largest trading partner last year, followed by India, the United States, and Saudi Arabia.

The statistics also show that Dubai's total foreign trade in 2014 reached 1.331 trillion dirhams (about 365 billion US dollars), a slight increase of 0.15 percent over 2013.

The growing strength of non-oil business is an important driver behind the strong overall economic performance of Dubai. Stable foreign trade between Dubai, the East Asian emerging economies, Europe, and its Gulf neighbors, reflects the steady development of its foreign business, and good economic momentum.

This article was edited and translated from 《中国去年成为迪拜最大贸易伙伴》, source: Xinhua.net

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Liang Jun,Yao Chun)

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