LINE

    Text:AAAPrint
    Economy

    Stronger cooperation helps tap development potential for China, Saudi Arabia

    1
    2017-03-15 16:49Xinhua Editor: Mo Hong'e ECNS App Download

    As some scapegoat globalization for their sluggish economy, others remain open and cooperative to explore business opportunities and reap win-win fruits.

    Saudi King Salman bin Abdulaziz Al Saud starts a state visit to China Wednesday, which is expected to be a main course of the 81-year-old king's one-month Asia tour.

    Chinese President Xi Jinping paid a state visit to Saudi Arabia in January 2016, during which the two countries lift their ties to a comprehensive strategic partnership.

    The China-Saudi Arabia ties can develop in a rapid and sound way because the Mideast country sees China's rise as an opportunity and appreciates China's proposals for regional and cross-continental development.

    Saudi Arabia is one of the first countries that have responded positively to China's Belt and the Road Initiative, which was proposed by Xi in 2013 with an aim to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes by land and sea.

    So far, Chinese businesses have helped build 56 economic and trade cooperation zones in 20 countries along the routes with a combined investment surpassing 18.5 billion U.S. dollars, generating nearly 1.1 billion dollars in tax revenue and 180,000 jobs in those countries.

    Saudi Arabia, a hub connecting Asia, Africa and Europe, hopes to play a bigger role in the initiative and integrate it with the "Saudi Vision 2030," a growth strategy it launched last year to diversify its heavily oil-dependent economy.

    The China-Saudi Arabia relationship can reach such a high level also thanks to the broad common interests nurtured by both.

    In recent years, with great complementarity in their industrial structures, the two countries have furthered cooperation in such fields as energy, trade, investment and infrastructure construction.

    China became Saudi Arabia's largest trading partner in 2015 and Saudi Arabia has been China's biggest crude oil supplier and largest trading partner in West Asia for years.

    Enjoying such a close relationship, China and Saudi Arabia are expected to further consolidate the fruits.

    During the king's stay, the two sides will discuss enhancing cooperation in areas such as culture, economy, trade, technology, security and defense. They are expected to sign several agreements and memoranda on education, investment, transfer of technology, industry and trade.

    As Riyadh observes, China is ready to share development opportunities with the world. To take a close-door policy or a beggar-thy-neighbor approach will not make anyone a winner. Both China and Saudi Arabia know that.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 昆明市| 太谷县| 达孜县| 华亭县| 泊头市| 弥勒县| 慈溪市| 喜德县| 木里| 金华市| 庆城县| 买车| 大连市| 木兰县| 宜丰县| 赤壁市| 安乡县| 贵阳市| 淅川县| 武城县| 舟山市| 广宗县| 聂荣县| 山东省| 台东县| 临高县| 沭阳县| 永清县| 双柏县| 吴江市| 棋牌| 汕头市| 石家庄市| 黎平县| 新昌县| 乐山市| 石泉县| 肃宁县| 桃江县| 铜梁县| 关岭|