From Financial Times, via Euro2day:
A love-in is going on between the Middle East and Asia, in particular China.
The growing trade between the regions has spawned a buzz-word: Chime (China, India, Middle East).
Another term, equally cheesy, is the New Silk Road, reflecting the fact that goods and services are once again flowing along the route that connected the Middle East and Asia until the 13th century.
The trade trajectory between the regions seems clear. McKinsey has forecast that total cross-border capital flows between the six-member Gulf Cooperation Council and Asia may climb from an annual $15bn today to $300bn by 2020. [Full Text]
