FINANCE - Baby Steps for Turkey and China - joint approach to Islamic finance/banking could be possible

www.majalla.com -Written by : Nima Khorrami Assl - Trading ties between the two countries improve but remain vulnerable

Only a few months after the Chinese President-in-waiting trip to Turkey, Turkish Prime Minister Recep Tayyip Erdogan's visit, the first of its kind in 27 years, is yet another tale of an extraordinary turn of events in the context of Sino-Turku relations which suffered a major setback in 2009.

Turkish Prime Minister Recep Tayyip Erdogan with Chinese Premier Wen Jiabao; Source: AFP

Today, Ankara and Beijing prefer to put their various differences to rest, and instead utilize their newly found economic and diplomatic might to advance their national interests in Africa, Central Asia, and the Middle East. In other words, China and Turkey have entered a new period of strategic cooperation, the foundation of which was set in stone during the official exchanges by the Turkish Foreign Minister Ahmet Davutoglu and the Chinese Premier Wen Jiabao, in 2010. (source)