Qatar looking to invest more in China

Qatar cemented its growing relationship with Beijing with a two-day visit to China by Emir Sheikh Tamim Bin Hamad Al-Thani on 3-4 November, during which numerous agreements were signed (see Royals). While there, Sheikh Tamim met at least four of the seven members of the Communist Party’s Politburo standing committee, the centre of power in China, including the president, Xi Jinping, and the prime minister, Li Keqiang, suggesting China places considerable value on its relationship with Qatar.The main economic outcome of the visit was a memorandum of understanding (MoU) between Qatar Central Bank (QNB) and its counterpart, the People’s Bank of China, on establishing clearing and settlement in Qatar for Chinese renminbi.