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China goes to the China-Arab Summit to sign a $33 billion deal with Saudi Arabia
Seetao 2022-12-08 15:04
  • Chinese President Xi Jinping's visit to Saudi Arabia shows China's growing role in the Gulf
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Saudi Arabia organized the first China-Arab summit, extending invitations to Chinese leaders. The scale of this summit is the highest since the founding of our country, which means that China-Arab relations have taken a historic step forward. The spokesperson of the Chinese Foreign Ministry praised the China-Arab summit as an epoch-making milestone.

Saudi Crown Prince Invites Chinese Leaders to Attend the Appointment

Facing the invitation of Crown Prince Salman of Saudi Arabia, Chinese leaders were invited to attend and arrived in Riyadh, the capital of Saudi Arabia, to participate in the 4-day summit. The Chinese flag has already flown on the streets of Riyadh, the capital of Saudi Arabia. A summit and the attention of our mission.

The Chinese leader's attendance at the China-Arab summit this time comes at a time when the relationship between the United States and Saudi Arabia is becoming tense. Strengthening trade and maintaining regional security between China and Arab states will be the top priorities of the visit.

In addition to inviting Chinese leaders, Saudi Arabia also sent invitations to the leaders of the Middle East and North African countries. The specifications can be said to be very high, which is completely different from the previous simple meetings between the two leaders. A diplomat from an Arab country revealed that the level of leaders that each country will send will be determined by each country, but it is expected that most Arab countries will send their leaders to attend, and at the end they will also send their foreign ministers.

The Chinese national flag flutters in the wind on the streets of Riyadh, the capital of Saudi Arabia

In addition, in addition to the China-Arab States Summit, Chinese leaders will also participate in the China-Gulf Cooperation Council Summit. The Gulf Cooperation Council for Arab States is referred to as the GCC, and its members include six countries in the Persian Gulf. The most representative countries are mainly Qatar, the United Arab Emirates, and Saudi Arabia. They are all important oil-producing countries in the world today.

China and Arab states sign $30 billion agreement

At this summit, the Chinese delegation will sign agreements worth approximately US$30 billion with Saudi Arabia. There are more than 20 agreements covering energy, security, investment and other aspects, including a memorandum of understanding. In addition to these, my country's Belt and Road Initiative and Vision 2030 will also be coordinated with Saudi Arabia.

The significance of this summit is that the Gulf countries regard China as their indispensable partner when considering their own future development. The relationship between China and Saudi Arabia and other Gulf countries is no longer just about oil and money, but is changing in a more diversified direction, including trade, technology, infrastructure construction and so on.

The economic interests of both sides are obvious, Saudi Arabia is one of the largest oil suppliers to China, and China is the largest trading partner of Saudi Arabia. With the new young prime minister and ruler of the century, Crown Prince Mohammed bin Salman, he has refocused on the importance of China with fresh eyes and new ideas.

The United States and Saudi Arabia have always been close allies before, but as a result, they have become increasingly tense in recent years. Biden also previously called Saudi Arabia a pariah state. Later, the Khashoggi case was used continuously to put pressure on Saudi Arabia, which caused the Saudi side to be very dissatisfied, so the relationship between the two sides continued to deteriorate. The relationship between Saudi Arabia and China is completely different, and they trust each other.

Spokesperson of the Chinese Foreign Ministry spoke highly of the China-Arab Summit

Regarding the Chinese leader's attendance at the China-Arab Summit, Chinese Foreign Ministry spokesman Mao Ning also spoke highly of it. Mao Ning praised the China-Arab Summit as China's highest-level and largest-scale diplomatic activity for the Arab world since the founding of New China. The world is currently undergoing a century of changes, which is a new period of turmoil and change. This summit is also a strategic choice for both sides to strengthen cooperation under such circumstances.

The Chinese side hopes to seize this opportunity with the Afghan side to discuss the development plans of China and Arab states and create a bright future for the Sino-Arab partnership. In addition, China hopes that China and Arab states can work together to implement global development initiatives, support each other, unite and cooperate, jointly build the Belt and Road, inject positive energy into regional peace, and even drive developing countries to unite and build a community with a shared future for mankind.Editor/Xing Wentao

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