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China and Saudi Arabia seal US$28 billion in deals

beijingwalker

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China and Saudi Arabia seal US$28 billion in deals
  • Agreements include plans for Aramco-Norinco joint venture for refining and petrochemical complex
Updated: Friday, 22 Feb, 2019 10:52pm
mohammed-bin-salman-china.jpg

Saudi Arabia signed US$28 billion worth of economic cooperation agreements with China on Friday as its crown prince, Mohammed bin Salman, met top Chinese leaders in Beijing.

“China is a good friend and partner to Saudi Arabia,” Chinese President Xi Jinping told Salman at the Great Hall of People. “The special nature of our bilateral relationship reflects the efforts you have made.”

The crown prince also said Saudi Arabia supported China’s “Belt and Road Initiative” and respected Beijing’s counterterrorism efforts.

“The Silk Road initiative and China’s strategic orientation are very much in line with the kingdom’s Vision 2030,” state news agency Saudi Press Agency quoted Salman as saying, referring to Saudi Arabia’s economic reform programme.

Trade between China and Saudi Arabia rose by 32 per cent last year, he said.

According to SPA, 35 economic cooperation agreements were signed at a joint investment forum held by Saudi Arabia’s investment agency during the visit.

Among them was a deal between Aramco and Chinese defence conglomerate Norinco to develop a US$10 billion refining and petrochemical complex in the northeastern Chinese city of Panjin.

Aramco said that as part of the project the partners would form a company called Huajin Aramco Petrochemical to build a refinery that could produce 300,000 barrels of oil per day.

Salman and his delegation arrived on Thursday for a two-day trip after visiting India and Pakistan.


The group also met Vice-Premier Han Zheng and Foreign Minister Wang Yi in Beijing.

In his meeting with the crown prince on Friday, Han said the two countries should work together on counterterrorism, law enforcement, security and deradicalisation, according to state news agency Xinhua.

A day earlier, Wang told Saudi Foreign Minister Adel al-Jubeir that China supported Saudi Arabia’s efforts to diversify its economy and was willing to strengthen hi-tech cooperation.

“All countries in the world have the right to develop, and Saudi Arabia is an emerging market country with enormous potential,” Wang said.

Xi has made stepping up China’s presence in the Middle East a key foreign policy objective, despite its traditional low-key role there.

But China has had to step carefully in relations with Riyadh, since Beijing also has close ties with Saudi Arabia’s regional foe Iran.

Saudi Crown Prince Mohammed bin Salman must walk geopolitical tightrope during Asian tour
Earlier in the week, top Chinese leaders including Xi and Wang also received an Iranian delegation headed by Foreign Minister Mohammad Javad Zarif in Beijing.

According to Xinhua, Wang told Zarif that China wanted to “deepen strategic trust” with Tehran.

Li Weijian, a Middle East expert at the Shanghai Institutes for International Studies, said China’s policy in the Middle East was not to side with any party.

“Simultaneously hosting Iran and Saudi delegations within a week has sent out the exact message that China has no interest in siding [with one country or the other],” Li said.

He said that approach could enable China to mediate between the two countries if necessary.

https://www.scmp.com/news/china/dip...hina-and-saudi-arabia-seal-us28-billion-deals
 
But China has had to step carefully in relations with Riyadh, since Beijing also has close ties with Saudi Arabia’s regional foe Iran.

China must maintain a balance.
We cannot lose Iran.
 
But China has had to step carefully in relations with Riyadh, since Beijing also has close ties with Saudi Arabia’s regional foe Iran.

China must maintain a balance.
We cannot lose Iran.
Xi already told Iran, that no matter what happened, China will keep the balance relationship with Iran. this investment is nothing compare with Iran relationship
 
Why not? China already lost Iraq, Libya, Syria and even the Soviet Union. It didn't stop China from rising.
China lost the Soviet Union in 60s. Because Hungary, Czechoslovakia, and Zhenbao Island. Political contradictions cannot be solved. then leave each other.
But China has never lost Iraq. even now, China and Iraq still maintain defense cooperation.
as for Libya and Syria. In fact, they don't have much contact with China.
about Iran. It is China's only powerful ally in the Middle East.
 
...
about Iran. It is China's only powerful ally in the Middle East.

First time I'm hearing this considering how many times China has imposed the harshest UN economic sanctions on Iran without any hesitation... and just today signed $28 billion of trade deals with Saudi Arabia.

What do you think, Saudi or Iranian oil will be flowing to China on the CPEC route?
 
First time I'm hearing this considering how many times China has imposed the harshest UN economic sanctions on Iran without any hesitation... and just today signed $28 billion of trade deals with Saudi Arabia.

What do you think, Saudi or Iranian oil will be flowing to China on the CPEC route?
Thank you for telling me.—— how many times China has imposed the harshest UN economic sanctions on Iran without any hesitation.

So I want to know - how many times China has vetoed sanctions against Iran(From 2007 to 2018)?

China opposes any unilateral sanctions against Iran

China Opposes More Iran Sanctions

https://www.reuters.com/article/us-...o-u-s-sanctions-on-iran-idUSBRE9710D720130802

How China is helping Iran skirt U.S. sanctions

China Says It Will Continue Iran Trade Despite New US Sanctions

China DEFIES Trump to buy nearly ALL oil imports from Iran despite sanctions

 

Saying one thing doing the other are not the same. Iran was brought to it's knees and forced to accept the nuclear deal because China along with the other 4 permanent UN security members had imposed the harshest economic sanctions on Iran.

It was also the first time, Chinese backed economic sanctions were weaponised to hurt the Iranian nation as much as possible.

I don't know why you're claiming China had nothing to do with this.
 
But China has had to step carefully in relations with Riyadh, since Beijing also has close ties with Saudi Arabia’s regional foe Iran.

China must maintain a balance.
We cannot lose Iran.

Its the other way around, iran is nothing more than a oil supplier to China, and if they think they are offended by China's relationship with other oil supplier, they can feel free to sell their sancationed oil elsewhere, like Saudi Arab.

Sure, they could annoy the US for a while, but I dont think they could make much a difference, unlike even vietnam etc.
 
Saying one thing doing the other are not the same. Iran was brought to it's knees and forced to accept the nuclear deal because China along with the other 4 permanent UN security members had imposed the harshest economic sanctions on Iran.

It was also the first time, Chinese backed economic sanctions were weaponised to hurt the Iranian nation as much as possible.

I don't know why you're claiming China had nothing to do with this.
制裁伊朗事件
https://baike.baidu.com/item/制裁伊朗事件/3914264?fr=aladdin

China supports UN because of the principle of nuclear non-proliferation. For the same reason, China also sanctions North Korea. and China still insists on using diplomatic means to solve the Iranian nuclear issue. Oppose unilateral sanctions.

Allies do not mean unprincipled support. similarly, if only because China sanctions Iran. deny China support for Iran. This is a mistake.
 
China lost the Soviet Union in 60s. Because Hungary, Czechoslovakia, and Zhenbao Island. Political contradictions cannot be solved. then leave each other.
But China has never lost Iraq. even now, China and Iraq still maintain defense cooperation.
as for Libya and Syria. In fact, they don't have much contact with China.
about Iran. It is China's only powerful ally in the Middle East.
iran isnt our ally
 

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