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  • China says unaware of reports about Xi’s Saudi Arabia visit

    A spokesman for China's foreign ministry said he was not aware of reports of President Xi Jinping's planned visit to Saudi Arabia, when asked about it at a regular news briefing on Tuesday. The Wall Street Journal reported on Monday that Xi was planning the visit before the end of the year, citing people familiar with the trip preparations.

  • Saudi Aramco signs $735 million crude supply deal with China

    China’s privately-owned refinery Zhejiang Petroleum & Chemical Co (ZPC) signed a purchase deal with Saudi Arabian state oil producer Saudi Aramco for supply of 7.88 million barrels of crude oil, Chinese government-backed newspaper Zhoushan Daily reported. The deal, worth $735 million, was sealed during the weekend at the 5th China International Import Expo in Shanghai.

  • China says unaware of reports about Xi’s Saudi Arabia visit

    A spokesman for China's foreign ministry said he was not aware of reports of President Xi Jinping's planned visit to Saudi Arabia, when asked about it at a regular news briefing on Tuesday. The Wall Street Journal reported on Monday that Xi was planning the visit before the end of the year, citing people familiar with the trip preparations.

  • China’s Xi Jinping to Visit Saudi Arabia Amid Global Reshuffling

    Chinese leader Xi Jinping is planning to visit Saudi Arabia before the end of the year, according to people familiar with preparations for the trip, as Beijing and Riyadh seek to deepen ties and advance a vision of a multipolar world where the U.S. no longer dominates the global order. Officials are completing the details for a summit between Mr. Xi and Saudi Crown Prince Mohammed bin Salman that would underline Beijing’s growing influence in the Middle East, where the U.S. long reigned supreme, and growing links between the oil-rich Saudis and Washington’s top global rivals.

  • China’s ZPC signs oil purchase deal with Saudi Aramco, paper reports

    Privately-owned Chinese refiner Zhejiang Petroleum & Chemical Co (ZPC) has signed a purchase deal with Saudi Arabian state oil producer Saudi Aramco (2222.SE) for 1.08 million tonnes (7.88 million barrels) of crude oil, government-backed Chinese newspaper Zhoushan Daily reported on Monday. The 5.3 billion yuan ($735 million) deal was sealed at the 5th China International Import Expo in Shanghai over the weekend. The report did not disclose the timeframe of the purchase deal. ZPC confirmed the deal without providing any details.

  • China and Saudi Assure $13 Billion Funding to Pakistan: Dawn

    China and Saudi Arabia have assured $13 billion in funding to Pakistan as the cash-strapped nation grapples with the aftermath of catastrophic floods, Dawn newspaper reported. Following the country’s Prime Minister Shehbaz Sharif’s recent visit to Beijing, China has agreed to roll over $4 billion worth of sovereign loans to the South Asian nation, refinance another $3.3 billion in commercial bank borrowings and increase currency swap facility by as much as $1.45 billion, the newspaper reported citing Pakistan’s Finance Minister Ishaq Dar.

  • Saudi Arabia, China to work together on energy security

    Saudi Arabia is China’s top crude supplier with most of the country’s refineries designed to crack Middle East crudes. The producer delivered 1.76 million b/d of shipment in January-August to lift the market share to 17.7% from 16.9% a year earlier, despite the volume edging down 0.3% year on year, according to China’s customs data.

  • Arab Barometer and Perceptions of China in MENA: Audio

    Ordinary citizens and residents across MENA tend to have different perspectives on China's image in the region. Some are positive, while others are negative, and the general public's perception is often different than that of the elites. To attempt to capture such varying perspectives, we discuss the general public's opinion on China on a larger scale while employing the proper scientific techniques. The findings on the general public's opinion on China come from nine nationally representative public opinion surveys conducted in MENA by Arab Barometer from 2021-2022 – including nearly 23,00 interviews.

  • China delays Q3 GDP release, no reason or new date given

    Economists polled by Reuters had forecast China’s economy to have grown 3.4% in the July to September period from a year earlier, while economists surveyed by Nikkei predicted a growth rate of 3.2%. Both would be an improvement from the 0.4% pace in the second quarter that was marked by widespread pandemic lockdowns and a worsening real estate slump.

  • Analysis: Xi faces painful gear shift as China’s investment-led growth sputters

    China's blistering pace of domestic investment has built the world's largest network of high-speed railways, most of the world's 10 longest bridges, the world's busiest ports but also, by some estimates, enough empty buildings to house the entire population of France. That investment-consumption imbalance is deeper than it was in Japan in the 1980s, before its infamous "lost decades", and with China accumulating total debt worth almost three times GDP.