China’s Xi strikes deals with Saudi royals during ‘milestone’ visit
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Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.
The two countries reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, the third day of Xi’s visit to the Gulf kingdom.
“The People’s Republic of China welcomed the Kingdom’s role as a supporter of the balance and stability in the world oil markets, and as reliable major exporter of crude oil to China,” the statement said.
Saudi state TV al-Ekhbariya said Xi had invited Saudi King Salman bin Abdulaziz to visit China, a day after the pair signed a comprehensive strategic partnership agreement.
They “agreed to hold a heads of state meeting between the two countries in turn every two years”, Chinese state media said.
“The Chinese side views the Saudi side as an important force in a multipolar world and attaches high importance to developing a comprehensive strategic partnership with Saudi Arabia,” Xi said in remarks carried by Chinese state broadcaster CCTV.
Earlier, the Chinese leader met Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, to oversee the signing of energy agreements on hydrogen as well as a plan to “harmonise” Saudi Arabia’s ambitious economic reform agenda, Vision 2030, with China’s trillion-dollar Belt and Road Initiative.
The signed deals also covered a petrochemicals project, housing development and the teaching of the Chinese language.
The Saudi crown prince sees China as a critical partner in his sweeping Vision 2030 agenda, seeking the involvement of Chinese firms in ambitious mega-projects meant to diversify the economy away from fossil fuels.
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Source : france24
