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| Name | China, Saudi Sign Deals as Xi Gets Warm Welcome in Riyadh |
| Video Uploader | Video From Bloomberg Quicktake |
| Upload Date | This Video Uploaded At 08-12-2022 17:58:33 |
| Video Discription | Chinese President Xi Jinping met with Saudi Arabia's crown prince on Thursday while on a visit to the kingdom, solidifying ties with a region crucial to his country's energy supplies as sanctions intensify on Russia over its war on Ukraine. Xi arrived at Al Yamama Palace in Riyadh and was greeted by Crown Prince Mohammed bin Salman, King Salman's assertive son who stands ready to rule the oil-rich kingdom in the decades to come. It wasn't immediately clear what the two focused on in their discussions, though Xi in a newspaper column published by Al Riyadh newspaper said “exchanges between China and Arab states date back more than 2,000 years.” He also noted that the Gulf Cooperation Council countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, serve as “an energy tank for world economy.” China, the world’s largest crude oil importer, relies heavily on Saudi oil, paying tens of billions of dollars annually to the kingdom. Saudi state media released silent video of Xi and Prince Mohammed meeting at the palace, with a large picture of King Salman hanging in the background. It wasn't immediately clear where the 86-year-old monarch was. Gulf Arab states are trying to recalibrate their foreign policy as the United States turns its attention elsewhere in the world. Russia’s war on Ukraine — and the West’s hardening stance on Moscow — has also left the Arab countries wanting to cement ties with China. For Prince Mohammed, hosting Xi boosts his own international profile after being linked to the killing of Washington Post columnist Jamal Khashoggi. Beyond China’s oil purchases, its construction expertise could be tapped as well for Prince Mohammed’s planned $500 billion futuristic city of Neom on the Red Sea. Chinese construction firms have worked elsewhere in Arab countries in the Persian Gulf, particularly in Dubai in the UAE. Saudi Arabia, home to the holiest sites in Islam, also has provided political cover to China over its harsh policies toward Uyghurs and other Muslim minorities. More than a million have been sent to detention centers, forced to denounce Islam and swear fealty to Xi and the party. The trip to Saudi Arabia marks a further move by Xi to restore his global profile after spending most of the pandemic inside China. The visit is his third overseas trip since early 2020. It also comes as Xi, who was granted a third five-year term as leader in October, has faced street protests over his zero-COVID-19 policies that represent the most-significant challenge to his rule. During the visit, Xi is expect to attend the inaugural China-Arab States Summit and a meeting of the GCC. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake DqEVepEi5FI |
| Category | News & Politics |
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