Shifting Financial Tides: How UAE-China Financial Cooperation and Local Currency Swaps are Reshaping Investment Flows
Executive Summary The economic relationship between the United Arab Emirates (UAE) and China has experienced unprecedented growth, evolving into a comprehensive strategic partnership. Bilateral trade surged to a record $101.8 billion in 2024, marking an 800-fold increase since 1984, with the UAE serving as China’s largest export market in the Middle East and China remaining…