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Chinese envoy Hongyang described Turkey as an ‘economic miracle in the Middle East’ thanks to the skyrocketing figures in its export volume and stressed the importance of the new Silk Road Project for the future of bilateral relations, according to press reports.

In an interview with local press, on the G20 Summit that will be held in Hangzhou Sept. 4-5, the People’s Republic of China’s ambassador to Ankara, Yu Hongyang, said that the summit will bring new hope for international economic cooperation and global economic administration. Hongyang indicated that he expects strong messages regarding economic cooperation, expansion and solidarity against global economic crises.

Providing information on the new Silk Road project of China, the “One Belt, One Road,” Hongyang said that Turkey and China were engaged politically for the project and that it is proceeding. Hongyang previously served as China’s Consul General to Istanbul, from 2003-2006, and indicated that Turkey increased its export volume from $47 billion in 2003 to $143.8 billion by the end of 2015, while also increasing tourism revenue from $14 billion in 2003 to $31.5 billion by the end of 2015. In this context, Hongyang said Turkey was an economic miracle in the Middle East.

In recent years, he added, with the effort of both countries, there were stable developments in bilateral relations. Since the two countries formed a strategic partnership in 2010, top-level visits have become frequent, while mutual political trust is continually developing. Presidents Erdoğan and Jinping met two times in 2015, which was a significant development for bilateral relations. This year, China and Turkey will celebrate the 45th anniversary of their diplomatic association. This provides an opportunity for improving bilateral relations and political communications. In June, the Chinese-Turkish Foreign Ministers’ Joint Study Group was convened for the fourth time in Beijing. President Erdoğan will attend the Hangzhou Summit in September, and there are various high-level meetings being planned between the two countries. Bilateral relations between China and Turkey are improving by the day, while the two countries maintain cooperation in regional and international issues. According to Turkish Statistical Institute data, the trade volume between China and Turkey reached $27.3 billion in 2015. China is Turkey’s second largest trade partner, after Germany. Even though there was a decrease in tourists visiting Turkey, over 310,000 Chinese tourists visited Turkey in 2015, a 57 percent increase compared to 2014.

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