On August 29, 2012, Chinese Premier Wen Jiabao met with Egyptian President Mohamed Morsi in Ziguangge, Zhongnanhai.

Wen said President Hu Jintao and President Morsi reached important consensus on the development direction of bilateral relations in the new situation. The Chinese government supports Egypt to maintain stability, develop economy and improve people's livelihood, and to play an important role in regional and international affairs. China is willing to work with Egypt to push forward their traditional friendship and cooperation.

The two countries' economic and trade cooperation, based on equality and reciprocity, is in both sides' fundamental interests. He called on the two sides to make full use of existing mechanisms, strengthen planning and explore new areas of cooperation. China and Egypt should coordinate more closely, so as to ensure both ongoing and settled projects proceed smoothly, and make them yield economic and social benefits as soon as possible. Wen expressed the hope that the two sides will carry out more cooperation in the fields concerning people's livelihood and development, so as to benefit more common people and improve Egypt's production capacity. He also called on the two sides to improve laws and regulations on investment promotion and protection, in a bid to create good environments for bilateral cooperation.

Morsi said Egypt and China share profound traditional friendship and bilateral relations have a solid foundation. Egypt is in a special historical period, and developing its relations with China is of vital importance. He added that Egypt has mapped out a long-term development plan, enjoys favorable geopolitical conditions and is ready to strengthen cooperation with China in areas including trade, investment, electronic information, infrastructure construction and agriculture. Egypt will also provide facilities for Chinese companies to expand in the African market so as to push Egypt-China strategic cooperative relations for greater development, said the president.

Foreign Minister Yang Jiechi, Gao Hucheng, International Trade Representative and Vice Minister of the Ministry of Commerce, and Chinese Ambassador to Egypt Song Aiguo attended the meeting.