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The Foreign Minister of Turkey is paying an official visit to China. Could you please brief us on the trade and economic cooperation between China and Turkey, particularly Chinese investment in Turkey against the backdrop of the Belt and Road initiative?(2017-08-03)

Thank you for your question. Turkey is an important trading partner of China in West Asia. Over the last few years, driven by the Belt and Road initiative, China-Turkey trade and economic cooperation has continued to make positive progress.

In 2016, our bilateral trade approached 20 billion dollars. China became Turkey's second largest trading partner and the largest source of imports. From January to June this year, the bilateral trade amounted to 10.38 billion dollars with a year-on-year growth rate of 4.2%. Chinese investment in Turkey and business cooperation on infrastructure are new bright spots in the bilateral trade and economic cooperation. By the end of June, Chinese investment stock in Turkey had reached 1.4 billion dollars, Chinese enterprises signed 18.6 billion dollars of project contracts in Turkey and reaped 13.2 billion dollars of turnover. The second phase of Ankara-Istanbul high speed railway project undertaken by the Chinese enterprises and the merger transaction of Kumport in Istanbul have become landmark projects in the commercial cooperation between China and Turkey.

China attaches great importance to the trade and economic cooperation with Turkey and stands ready to encourage Chinese enterprises to make investment and do business in Turkey in the principle of equity, reciprocity and win-win results and conduct various investment cooperation with Turkey. We hope the two sides will continue to work hard in a practical and open spirit, follow through the consensus reached between the leaders and continue to create a favorable environment and provide a new driving force for bilateral business cooperation with a view to achieving win-win results and common development.

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