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Abu Dhabi plans to boost relations, trade with Shanghai

Xinhua, October 17, 2016 Adjust font size:

Abu Dhabi's economic development department said on Sunday that a delegation bound for Shanghai will promote the United Arab Emirates (UAE) capital in China's business hub, reported the UAE's state news agency WAM.

The delegation is tasked with bolstering economic cooperation in trade, industry, investment and exchange of information between the both cities, reported WAM.

The delegation is led by Khalifa Bin Salem Al-Mansouri, acting under-secretary of the department of economic development in Abu Dhabi.

Al Mansouri said the trip followed Sheikh Mohamed bin Zayed Al Nahyan's visit to China in December 2015.

Al Nahyan is the crown prince of Abu Dhabi and deputy supreme commander of the UAE's armed forces.

During the crown prince's visit, both sides signed an agreement to establish a clearing hub for China's currency yuan in the UAE. Endit