Egyptian President Morsi makes state visit to China
Thursday, August 30, 2012
The trip is seen by analysts as an attempt to forge stronger economic and diplomatic ties with Beijing, and to access Chinese capital and expertise. Events scheduled for the visit include meeting with Chinese President Hu Jintao and prominent business figures. It is expected the two countries will agree to cooperate on a number of large infrastructure projects, including and power generation — with this hoped to boost Egypt's faltering economy. China has made an increasing number of foreign investments in recent years, in an attempt to increase its international standing. Trade between the two countries increased by 40% between 2008 and 2011 to 8.8 billion.
Egypt continues to receive over US$ 1 billion annually in aid from the United States; however, the funds are believed to not come without conditions. Academic , of , suggested that Morsi's visit was part of a "[...] broader effort by Egypt to signal that it's going to diversify its portfolio of relationships".
- "Egypt's new leader visits China seeking investment" — , August 28, 2012
- William Ide. "Egypt's President Visits China, Seeks Stronger Economic Ties" — , August 28, 2012