BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Turkish president says trade with China has great potential

Turkish President Abdullah Gul said here Friday that Turkish-Chinese economic and trade cooperation had great potential that he hoped could be developed, Xinhua reported.
Attending the China-Turkey Business Forum, Gul, who came to China for a state visit, expressed dissatisfaction about trade relations with China.
"China's investment in Turkey is only 60 million U.S. dollars, equivalent to only the annual income of a medium-sized enterprise. Turkish investment in China is a bit more but still only 150 million U.S. dollars.
"China has not really discovered Turkey, andTurkey has not really understood China. There's a lack of understanding between the two countries, which means that economic and trade cooperation has great potential."
Gul said he believed that the two countries could enhance cooperation in finance, infrastructure, energy, transportation and agriculture.
He said Turkey would invest 120 billion U.S. dollars in energy projects in the next 10 years, such as thermal power, hydropower, oil exploration, oil refining and transportation, and he hoped that Chinese enterprises could invest in these projects.
In the transport sector, he hoped that weekly flights between the two countries could be increased to meet rising demand and serve visitors to the Shanghai World Expo in 2010.
On the international financial crisis, Gul said that as Group of 20 members, Turkey and China had participated in actions