Yemen

July 2008 | Ratings Update

The Chinese Vice-President Xi Jinping visited Yemen in June on a trip aimed at strengthening relations between the two countries. Xi talked of encouraging Chinese companies to invest in Yemen, and of stepping up cooperation in infrastructure development, and in the energy and telecoms sectors. Yemen is likely to benefit from a number of construction projects built with Chinese aid, with the recently completed foreign ministry building, for which China covered 70% of the US$5mn cost, a case in point. Greater bilateral ties are likely to strengthen the government but in light of the unstable security situation, we are keeping

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