Kingdom’s ‘look-east’ policy to pay rich dividend
It is reported that analysts have assured that the Sino-Saudi pacts recently concluded are ‘win-win’ for both friendly countries.
Saudi king Salman oversaw the signing of deals worth potentially $65billion on the first day of a visit to Beijing as the world’s largest oil exporter looks to cement ties with China.
Dr. Zeng Ji, chair of the Department of International affairs at Sun Yat-sen University, China has told one of the leading news media in the kingdom the deals signed include 35 projects that covering productive capacity trade, space industry, new energy and education.
Deputy Chinese Foreign minister Zhang Ming said President Xi Jinping and King Salman are old friends and practical cooperation between China and Saud Arabia has already made major achievements and has huge potential.
Another report confirms a one-day Saudi Chinese Investment Forum ended in an upbeat mood with 45 agreements signed between China and Saudi Arabia.
More than 500 Saudi and Chinese businessmen attended the forum held in conjunction with King Salman’s visit to China.
The latest figures from the Chinese Ministry of Commerce showed that the total business volume between China and Arab countries in 2016 touched $171.14billion.
It is expected the 2017 figures will easily surpass this. China’s friendly relation with the countries it deal and its frankness are the reasons which have helped to expand its business deals all over the world.
- Asian Tribune -