China's President Xi Jinping announced on Thursday in Cairo that his country supports the creation of a Palestinian state with East Jerusalem as its capital, based on the 1967 borders.
The Chinese leader announced in a speech at the Arab League headquarters in Cairo that China is allocating $7.6 million in aid to the Palestinian people.
Beijing has consistently expressed support for a two-state solution in the Palestinian-Israeli conflict.
Xi said that China would provide $30 million in humanitarian aid to Syria, Jordan, Lebanon, Libya and Yemen in 2016, as well as $300 million in aid to Arab countries for bolstering law enforcement and police training.
He also declared that China would provide several Middle Eastern countries with $10 billion in commercial loans and another $10 billion in preferential loans, as well as $15 billion in loans to boost industrialisation.
A joint investment fund of $20 billion will also be established between China, UAE and Qatar.
Xi added that a political dialogue was needed to end the Syrian civil conflict, but stressed that China has no intention of interfering in Middle Eastern affairs.
He also stated that China and Arab countries would boost cyber security cooperation to combat terrorist activity on the internet.
China already practices heavy censorship and surveillance on the internet within its borders through its “Golden Shield Project,” otherwise known as the “Great Firewall of China.”
This is the first visit for the Chinese president to the Arab League headquarters.
His visit to Egypt is the second stop in a Middle East tour. The Chines president stopped in Saudi Arabia first and heads to Tehran Saturday.