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  • As US watches on, China-Saudi relations grow in importance

    “Saudi Arabia is partnering with China to accelerate the kingdom’s digitalisation of the energy sector and the digital transformation of the economy more broadly,” observed Calabrese. “China is also an important investment destination for [petroleum and natural gas company] Saudi Aramco as the latter seeks to expand its downstream activities in Asia. Cooperation in the development of hydrogen and in renewables is in its incipient stage but could blossom.”

  • Commentary: The Middle East in a Multipolar Era – Why America’s Allies Are Flirting With Russia and China

    The administration’s black-and-white view of Saudi motives is in line with its broader perspective on partners. Since coming to office, the Biden administration has frequently taken a binary view of the international order—a “competition of democracies and autocracies,” according to its 2022 National Security Strategy. Partly as a result, it has tended to treat decisions by its partners as a litmus test of loyalty to the United States.

  • Saudi lays on lavish welcome as China’s Xi heralds ‘new era’ in relations

    Saudi Crown Prince Mohammed bin Salman received President Xi Jinping on Thursday as the Chinese leader heralded "a new era" in Arab relations, with a lavish welcome signalling Riyadh's interest in deepening ties with Beijing despite U.S. wariness. Members of the Saudi Royal Guard riding Arabian horses and carrying Chinese and Saudi flags escorted Xi's car as it entered the royal palace in Riyadh, where Prince Mohammed, de facto ruler of the oil giant, greeted him with a warm smile.

  • Factbox: Saudi-China energy, trade and investment ties

    Saudi Arabia is China's top oil supplier, making up 18% of China's total crude oil purchases, with imports totalling 73.54 million tonnes (1.77 million barrels a day) in the first 10 months of 2022, worth $55.5 billion, Chinese customs data shows. Oil imports last year amounted to 87.56 million tonnes, worth $43.9 billion, making up 77% of China's total merchandise imports from Saudi Arabia.

  • China and Saudi Arabia to sign deals worth $29.3bn at summit

    Saudi Arabia and China plan to sign deals worth more than $29.3bn when President Xi Jinping arrives for a two-day visit on Wednesday to bolster Beijing's relations with the kingdom, state media agency SPA reported. In his first visit to the kingdom in six years, Mr Xi will meet King Salman and Crown Prince Mohammed bin Salman. He will also attend a China-Arab summit and a China-Gulf conference in the capital Riyadh that other regional leaders will fly in to join.

  • Factbox: Saudi-China energy, trade and investment ties

    4 minute readDecember 6, 20227:11 AM ESTLast Updated a day ago Factbox: Saudi-China energy, trade and investment ties Reuters Chinese President Xi Jinping shakes hands with Saudi Arabia's Deputy Crown Prince Mohammed bin Salman during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Damir Sagolj Dec 6 (Reuters) - Saudi Arabia will host a China-Arab summit on Dec. 9 attended by Chinese President Xi Jinping, with the leaders of the two countries expected to discuss trade ties and regional security. Xi's visit comes at a time when U.S.-Saudi ties are at a nadir, uncertainty weighs on global energy markets with the West imposing a price cap on Russian oil and as Washington warily eyes China's growing influence in the Middle East. Advertisement · Scroll to continue Report an ad ADVERTISING The Chinese delegation is expected to sign dozens of agreements with Saudi Arabia and other Arab states covering energy, security and investments, diplomats have told Reuters.

  • Saudi Arabia and China: Chronicle of a strategic partnership

    Since diplomatic ties were established more than three decades ago, the leaders of both Saudi Arabia and China have worked steadily to develop and enhance the bilateral relationship.

  • China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

    China's exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world's second-biggest economy. The downturn was much worse than markets had forecast, and economists are predicting a further period of declining exports, underlining a sharp retreat in world trade as consumers and businesses slash spending in response to central banks' aggressive moves to tame inflation.

  • China’s Xi to visit Riyadh as Saudi Arabia seeks to expand international reach

    Chinese President Xi Jinping will be in Saudi Arabia on Wednesday to attend the first China-Arab States Summit and the China-Gulf Cooperation Council Summit in Riyadh, according to the Ministry of Foreign Affairs in China. The visit, which will span three days, followed an invitation from Saudi Arabia's King Salman, and will be attended by other Arab heads of state. "Close relations between the two countries were initiated 80 years ago, encompassing various aspects of cooperation and development," the official Saudi Press Agency said in a statement Tuesday.

  • China’s Xi to visit Saudi Arabia from Wednesday: Saudi state media

    Chinese President Xi Jinping will arrive in Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi state media reported on Tuesday.