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  • China pulls off balancing act in Middle East ties – but for how long?

    “China’s role in the Middle East has been neutral and even transcendent,” he said. “[But] since the recent China-GCC summit, it seems to be more proactive and avoiding ambiguity on some sensitive issues.” In a joint statement on Thursday, China and Iran pledged to work closely on politics and the economy, but stopped short of mentioning cooperation in the oil trade and the use of the yuan in bilateral trade and investment – areas that have drawn scrutiny from the West.

  • China provinces top list of world’s most climate-vulnerable regions – data

    China is home to 16 of the 20 global regions most vulnerable to climate change, according to data published on Monday, with some of the world's most important manufacturing hubs at risk from rising water levels and extreme weather. Climate risk specialists XDI assessed more than 2,600 regions worldwide, using climate models together with weather and environmental data to assess the economic damage that temperature rises could wreak by 2050

  • How China Became Saudi Arabia’s Largest Trading Partner

    Back in 2001, Saudi Arabia’s trade with China was a mere fraction—just one-tenth—of its combined trade with the EU and United States. While the total value of trade was modest at this time, it’s been increasing consistently almost every year since. By the year 2011, China had surpassed the U.S. for the first time in bilateral trade value with Saudi Arabia. Then by 2018, trade between China and Saudi Arabia surpassed the Middle-Eastern country’s trade with the entire EU.

  • Opec raises 2023 oil demand forecast as China reopens

    The International Energy Agency expects global oil demand to surge to record levels this year on China’s recovery. Oil demand will rise by 1.9 million bpd to 101.7 million bpd in 2023, said the IEA, which previously estimated a growth of 1.7 million bpd. Meanwhile, the International Monetary Fund recently raised its global economic growth estimate for this year to 2.9 per cent from a previous forecast of 2.7 per cent.

  • Opec raises 2023 oil demand forecast as China reopens

    The International Energy Agency expects global oil demand to surge to record levels this year on China’s recovery. Oil demand will rise by 1.9 million bpd to 101.7 million bpd in 2023, said the IEA, which previously estimated a growth of 1.7 million bpd. Meanwhile, the International Monetary Fund recently raised its global economic growth estimate for this year to 2.9 per cent from a previous forecast of 2.7 per cent.

  • China Set To Sign Another Massive LNG Deal With Qatar

    China National Petroleum Corporation (CNPC), the largest gas importer in the country, is in the late stages of finalizing a huge long-term LNG import deal with Qatar, sources familiar with the matter told Reuters on Monday. This would be a second such massive agreement of a Chinese energy giant with QatarEnergy in just a few months. "CNPC has agreed on the major terms with Qatar in a deal that will be very similar to Sinopec's," a Beijing-based state energy official told Reuters.

  • ‘Arab capitals’ ties with Delhi will overshadow China’s West Asian ties’

    India’s outreach to West Asia particularly to the UAE, Egypt and Saudi Arabia is allowing India to become a “kingmaker" in Eurasia, according to strategic thinker Mohammed Soliman. In an age of increasing global disorder, India’s West Asia outreach in recent months is an effort to bridge the divide between the Middle East and South Asia to guarantee stability, argues Soliman.

  • Raisi on landmark China visit as Iran nears SCO membership

    Pro-government media outlets in Iran are talking up President Ebrahim Raisi's landmark trip to China. The three-day visit comes as the Islamic Republic hopes to enhance relations in line with its "look to the east" doctrine. Yet, the much-touted 25-year strategic cooperation agreement between the two nations has yet to be implemented on the scale its supporters had seemingly been expecting. Meanwhile, hours before Raisi was due to leave for Beijing, Iran’s Guardian Council announced that the legal process of joining the Shanghai Cooperation Organization (SCO) has been formally completed.

  • How China is maneuvering to secure new foothold in GCC

    During Xi’s state visit, China finalized over 40 deals with Saudi Arabia covering the climate, technology, and energy sectors. Saudi Minister of Investment Khalid Al-Falih stated that the accords will “contribute to raising the pace of economic and investment cooperation between the two countries.” Meanwhile, the Chinese president heralded a “new era” in the bilateral relationship.

  • How China is maneuvering to secure new foothold in GCC

    During Xi’s state visit, China finalized over 40 deals with Saudi Arabia covering the climate, technology, and energy sectors. Saudi Minister of Investment Khalid Al-Falih stated that the accords will “contribute to raising the pace of economic and investment cooperation between the two countries.” Meanwhile, the Chinese president heralded a “new era” in the bilateral relationship.