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Chinese President Xi Jinping visits Saudi Arabia to boost economy

Beijing – Chinese leader Xi Jinping is attending two regional summits in Saudi Arabia this week in an effort to boost economic growth through draconian COVID-19 measures.

The foreign ministry said on Wednesday that President Xi Jinping will attend the first China-Arab countries summit and a meeting with the heads of the six countries that make up the Gulf Cooperation Council in Riyadh, Saudi Arabia’s capital. His state visit to Saudi Arabia ends on Saturday.

Xi’s attendance at the China-Arab States Summit is “the largest and highest-level diplomatic event between China and the Arab world since the founding of the People’s Republic of China, and a milestone in the history of China-Arab relations.” It will be a significant milestone,” Foreign Ministry spokesman Mao Ning told reporters at Wednesday’s daily briefing.

Mao said China believes the summit will set the future agenda for relations between the two countries and “help build a more strategic common understanding on key regional and international issues and uphold multilateralism.” ‘I hope so.

The final words are a clear reference to China’s efforts to challenge the US-dominated international order, and see Beijing find common cause with Russia, Iran, and other nations hostile to Washington. I came.

Xi’s visit underscores China’s role as the world’s second-largest economy and as a major source of foreign investment, and most recently, President Xi’s signature of the Belt and Road Initiative. Initiative” and more recently the “Global Development Initiative”. These programs are aimed at getting Chinese companies to build and finance roads, power plants, ports and other infrastructure, increasing Beijing’s influence in the developing world.

So far, they have had limited success amid accusations that many of the projects are impracticable, too costly and out of reach for most of the poor countries that undertake them.

To fuel China’s huge demand, the country imports half of its oil. Half of these imports come from Saudi Arabia, worth tens of billions of dollars annually.

Chinese Economic growth was steadily declining It has been hit hard by the gradual lockdown imposed across the country in response to the COVID-19 pandemic.

China’s economic growth rebounded to 3.9% y/y in the three months to September, up from 2.2% in the first half, but still well short of the government’s target.

On Wednesday, China announced a series of measures Rolling back some of the most stringent COVID-19 restrictionsThis includes strict lockdown restrictions and ordering schools with no confirmed cases to resume normal classes.

China’s ruling Communist Party, which shares many of the authoritarian tendencies of Saudi Arabia and other Gulf states, has pushed Beijing to Criticism of harsh policies against Uyghurs and other Muslim minorities. More than a million people report being sent to jails, forced to denounce Islam and pledge allegiance to Mr. Xi and his party.

Beijing denies the charges, saying they provide job training and weed out extremist, separatist and terrorist tendencies from Muslims.

There are no major differences on human rights between the two countries, and Xi’s tone to the visit is “likely to be much more positive” than when US President Joe Biden visited the Kingdom earlier this year, he said, citing political risks. Consultancy Eurasia Group said in a report.

“Nevertheless, it still has a long way to go before it becomes as deep and nuanced as the Saudi-US relationship,” the report said.

Biden had previously pledged to hold Saudi Crown Prince Mohammed bin Salman accountable for the murder of a U.S.-based journalist, but last month the Biden administration announced that the prince’s senior officials would be forced out of lawsuits over his role. I said I should protect him.U.S. Federal Judges on Tuesday dismissed the lawsuit.

The U.S. military has long protected Saudi Arabia from foreign enemies in exchange for Saudi Arabia maintaining the world oil market.

A visit to Saudi Arabia marks another move by Xi Jinping to restore his global profile after spending most of the pandemic inside China. The visit is President Xi’s third overseas trip since early 2020.

It is also in question about the Chinese public’s support for Xi, who has brutally cracked down on free speech and wiped out political rivals.Xi was given his third term in office in his five-year leadership in October, but saw the most street protests against his ‘zero COVID’ policy last month. a serious public challenge to his rule It may have prompted the easing of some measures.

Chinese companies, such as construction companies and telecoms giant Huawei, have played a key role in Saudi Arabia’s infrastructure development.More deals are expected to be signed during Xi’s visit, including in the defense sector, where Saudi Arabia shows signs of moving away from its traditional dependence on the United States.

The Eurasia Group said in its report that “Saudi’s visit will put President Xi in the spotlight and allow regional leaders to embrace China’s perspective.” Don’t get lost in Beijing. “

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https://www.local10.com/news/world/2022/12/07/chinas-xi-visiting-saudi-arabia-amid-bid-to-boost-economy/ Chinese President Xi Jinping visits Saudi Arabia to boost economy

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