Towering Ambitions: Egypt and China Building for the Future
Over the past decade, Egypt and China — the former a traditional US partner and the latter America’s strategic competitor — have forged ever-deeper ties. During that time, Beijing has sought to leverage its relationship with Egypt to advance the Belt and Road Initiative (BRI), while Cairo has looked to China as a critical partner in the revitalization of the Egyptian economy. Entering 2020, Egypt was one of the fastest-growing emerging markets, and the Sino-Egyptian economic relationship was thriving. However, the fallout from the pandemic could undermine Egypt’s recent success in restoring growth and regaining investor confidence. It could also test the resilience and delay the further expansion of Sino-Egyptian economic ties.