China's Xi to arrive in Riyadh on Wednesday to meet Saudi and Arab leaders
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
February 05, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, FEBRUARY 05, 2023
China's Xi to arrive in Riyadh on Wednesday to meet Saudi and Arab leaders

China

Reuters
06 December, 2022, 09:50 pm
Last modified: 06 December, 2022, 09:54 pm

Related News

  • Xi calls for unity as China enters 'new phase' of Covid policy
  • China's Xi calls for oil trade in yuan at Gulf summit in Riyadh
  • Saudi Arabia gathers China's Xi with Arab leaders in 'new era' of ties
  • Saudi lays on lavish welcome as China's Xi heralds 'new era' in relations
  • China's Xi arrives in Saudi on 'epoch-making' visit to deepen ties

China's Xi to arrive in Riyadh on Wednesday to meet Saudi and Arab leaders

Reuters
06 December, 2022, 09:50 pm
Last modified: 06 December, 2022, 09:54 pm
FILE PHOTO: Chinese President Xi Jinping shakes hands with Saudi Arabia's Deputy Crown Prince Mohammed bin Salman during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Damir Sagolj
FILE PHOTO: Chinese President Xi Jinping shakes hands with Saudi Arabia's Deputy Crown Prince Mohammed bin Salman during the G20 Summit in Hangzhou, Zhejiang province, China September 4, 2016. REUTERS/Damir Sagolj

Saudi Arabia aims to increase trade with Beijing and discuss regional security when China's president visits Riyadh this week, with the kingdom seeking to expand superpower ties beyond the increasingly fractious alliance with the United States.

Crown Prince Mohammed bin Salman is expected to mark Xi Jinping's arrival on Wednesday with a lavish welcome that diplomats in the region have said may contrast starkly with the muted reception offered to US President Joe Biden in July.

Chafing at what it sees as American disengagement from the Middle East and the Biden administration's hectoring about human rights, the world's biggest oil exporter is reshaping its foreign policy to reflect the new realities of global power.

Besides rolling out the red carpet for bilateral meetings with Xi during his two-day visit, the Saudi rulers will also convene fellow Gulf dynasts for a summit with him, followed by a wider gathering with other Arab leaders.

That reflects what Saudi state news agency SPA described as the "strategic partnership" that is emerging between China and Saudi Arabia, its main oil supplier, after years of growing ties.

Saudi-China energy, trade and investment ties

The United States, which for decades has been Saudi Arabia's main security guarantor and which remains its main defence supplier, has expressed concerns about growing Chinese involvement in sensitive infrastructure projects in the Gulf.

Crown Prince Mohammed, better known as MbS, has resisted previous US efforts to constrain Saudi action, including in its war in Yemen, and appeared to welcome the transactional approach of former US president Donald Trump.

When Trump came to Saudi Arabia in 2017, MbS demonstrated the warmth of their relations with an extravagant welcome ceremony that the diplomats said was expected to resemble that he will offer Xi.

Trump left Riyadh with more than $100 billion in defence contracts. The Chinese delegation this week is expected to sign agreements worth $30 billion with Saudi Arabia, SPA reported.

BUSINESS

China sees Saudi Arabia as its key ally in the Middle East due not only to its oil exports but also a shared suspicion of Western interference, especially on issues such as human rights.

Foreign Minister Wang Yi said in October that Saudi Arabia was a "priority" in China's overall and regional diplomatic strategy.

However, unlike the United States Beijing retains good ties with Riyadh's overarching regional rival Iran, another supplier of oil to China, and has shown little interest in addressing Saudi political or security concerns in the region.

Although China has taken a more involved role in global politics in recent years, its relationship with Saudi Arabia remains firmly rooted in trade.

Besides oil sales, Saudi and Chinese state companies have joint ventures in refining and petrochemicals, and Riyadh is seeking foreign investment to help it diversify its economy into manufacturing, including of cars and arms.

Its plans for massive infrastructure development, including the $500 billion NEOM megaproject in the northwest, could also create new opportunities for Chinese construction companies that have grown increasingly active in the Gulf.

Top News / World+Biz / Middle East

Xi Jinping / Crown Prince Mohammed bin Salman / China-Saudi Arabia

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • ICB to withdraw Padma Bank investment as return eludes
    ICB to withdraw Padma Bank investment as return eludes
  • Some tough tasks on the plate for Bangladesh Bank!
    Some tough tasks on the plate for Bangladesh Bank!
  • Influentials thwart Bangladesh's reform attempts: Economists
    Influentials thwart Bangladesh's reform attempts: Economists

MOST VIEWED

  • FILE PHOTO - Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song
    China balloon: Many questions about suspected spy in the sky
  • Chinese and US flags flutter near The Bund, before US trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019/ Reuters
    Senior Chinese official calls for timely communication between China, US to avoid misjudgment
  • FILE PHOTO: A balloon flies in the sky over Billings, Montana, U.S. February 1, 2023 in this picture obtained from social media. Chase Doak/via REUTERS
    Second spy balloon spotted over Latin America, says Pentagon
  • Flags of China and Russia are displayed in this illustration picture taken March 24, 2022. REUTERS/Florence Lo/Illustration
    China says political trust with Russia has deepened after envoy's visit
  • Photo: Collected
    From China to big sky: the balloon that unnerved The White House
  • U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration
    China's balloon over the US seen as bold but clumsy espionage tactic

Related News

  • Xi calls for unity as China enters 'new phase' of Covid policy
  • China's Xi calls for oil trade in yuan at Gulf summit in Riyadh
  • Saudi Arabia gathers China's Xi with Arab leaders in 'new era' of ties
  • Saudi lays on lavish welcome as China's Xi heralds 'new era' in relations
  • China's Xi arrives in Saudi on 'epoch-making' visit to deepen ties

Features

Sketch: TBS

Say 'Salud' before your salad main course

21h | Food
Coots running. Photo: Enam Ul Haque

Cute Coot of Baikka Beel: 'And yet he was as bald as a coot'

15h | Panorama
With only one government run specialised cancer hospital in the capital — the National Institute Of Cancer Research and Hospital (NICRH) in Mohakhali — patients have no option but to resort to private hospitals. Photo: Noor A Alam.

Cancer care: Medical treatment and beyond

21h | Panorama
Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

1d | Panorama

More Videos from TBS

Prioritise medical equipment, raw material imports over luxury items

Prioritise medical equipment, raw material imports over luxury items

12h | TBS Round Table
Adani row rocks India’s parliament

Adani row rocks India’s parliament

11h | TBS World
Concord launches new plant to produce environment friendly bricks

Concord launches new plant to produce environment friendly bricks

17h | TBS Stories
How Asif Khan would invest his fresh funds right now

How Asif Khan would invest his fresh funds right now

18h | TBS Markets

Most Read

1
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

4
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net