Yemen and China signed a protocol on inspection and health requirements for Yemeni seafood exports to China, strengthening economic cooperation between the two nations.
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
Chinese Ambassador asserts the importance of Yemen's contribution to the Belt and Road Initiative
[06/06/2019 05:02]
ADEN-SABA
Chinese Ambassador to Yemen Kang Yong stresses on the importance of Yemen's role and participation in the Initiative of Belt and Road due to Yemen's significant geographical location and its natural resources.
In a statement to the Yemeni News Agency (Saba) Mr Yong said " Chinese side eagerly hopes that Yemen can practically contribute to building the "Belt and Road", achieve peace, stability and economic development".
He stated that the ongoing war Yemen has been experiencing as a result of the coup has prevented Yemen from practically contributing to establishing the " Belt and Road". As a result Yemen couldn't turn its potential natural resources into economic assets"
He noted that Yemen's contribution represented by Minister of Industry and Trade who signed a memorandum of understanding to promote cooperation under the framework of the " Belt and Road".
Mr Yong added" Chinese government and peoples are extremely sympathizing with the Yemeni people, provide as much humanitarian aids as possible, citing the distribution of Chinese rice as an example".