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China's Xi strikes deals with Saudi royals during 'milestone' visit
France24 ^ | December 9, 2022

Posted on 12/09/2022 4:16:03 AM PST by Oldeconomybuyer

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.

(Excerpt) Read more at france24.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: arabia; china; saudi

1 posted on 12/09/2022 4:16:03 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer

This is what goes on under a communist regime, meaning Biden. One horrible foreign policy disaster after another, which the media hides but which sets America back.

You have Afghanistan, Ukraine, Saudi Arabia, Iran, China, North Korea and other situations all getting worse and worse under these idiots.


2 posted on 12/09/2022 4:19:16 AM PST by Williams (Stop Tolerating The IntolerantNo one wants to)
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To: Oldeconomybuyer

I get the feeling that Saudi Arabia is a more respected World Power than the USA at the moment. I can’t imagine why.


3 posted on 12/09/2022 4:31:35 AM PST by ClearCase_guy (No one is as asleep as the "woke". They define the term "useful idiot".)
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To: Oldeconomybuyer

From War in Ukraine video 12/08/2022, transcribed from transcript:
https://www.youtube.com/channel/UCP2QApi8G2TKc8NZmeDWSUg/videos

Excerpt:
“Xi Jinping has arrived to Saudi Arabia, the point of his visit is to sway all of the oil producers in Persian Gulf, which means not only Saudi Arabia, all of those countries are going to be there. Its not a meeting with just Saudi Arabia leaders, I don’t know the list, but pretty much everybody, everyone from the Persian Gulf is going to be there, and the point of the visit is to convince leaders of the Persian Gulf that their new Master should be China, not the US, looking at the videos of how these leaders are meeting with Xi Jinping, its very clear that they seriously considering this idea.

“There are numerous signs of how they behave that Xi Jinping may have quite a bit of success, and the reason is that the West alienated Persian Gulf, and they don’t see West as as the future is for the Persian Gulf, or in terms of mutually beneficial relationship, so they switching their vision to China; China & India that that part of the world which they view as China as long-term consumer of natural gas and crude oil from the Persian Gulf.

“China is effectively cementing its position there by offering them some agreement or deal that will ensure a supply of crude oil in case of military action; the only problem with that the oil & gas will be carried by seaborne traffic, which could be easily intercepted by the UK Navy or US Navy. That still does not guarantee anything, but at least China is probably building loyal loyalties there, as a loyal support in that part of the world, so they are not going to be actively supporting the West, in case of some potential conflict with the West.”


4 posted on 12/09/2022 5:23:06 AM PST by PIF (They came for me and mine ... now its your turn)
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To: ClearCase_guy

It’s the price of being under democrat control it happen every time.

Obama take bow


5 posted on 12/09/2022 9:07:53 AM PST by Vaduz (LAWYERS )
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To: ClearCase_guy

I don’t think the ChiComs respect SA.

Not anymore.


6 posted on 12/09/2022 9:09:57 AM PST by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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