Asia (bbabo.net), - Chinese President Xi Jinping announced China's readiness to create models of broader energy cooperation together with the Gulf countries. This statement is contained in his article on Sino-Arab friendship, published on Thursday in the Al Riyadh newspaper and on the website of the Chinese Foreign Ministry, TASS reported on December 8.
"China will work with the countries of the Gulf Cooperation Council (GCC) to create a new model for broader energy cooperation," the Chinese leader said.
Over the past 10 years, relations between China and the Gulf countries have been prosperous and fruitful, Xi said. He noted that in 2021, the volume of trade between the parties exceeded $230 billion, and imports of crude oil to China from the GCC states exceeded 200 million tons.
In his article, the head of China announced Beijing's readiness to work with Arab countries to promote financial and investment cooperation.
China and the Gulf States can deepen the integration of common interests in China and abroad.
Xi Jinping arrived in Riyadh for a three-day visit on December 7, where he will meet with the Saudi monarch, leaders of the Gulf Cooperation Council countries, and take part in the China-Arab Summit. According to the published information, 30 leaders of Arab countries and organizations have been invited to the upcoming events in Riyadh.
It is expected that during the visit, China and Saudi Arabia will sign a document on strategic partnership, as well as a harmonization plan between the long-term programs of the two states - the Saudi Vision 2030 program and China's Belt and Road Initiative. In addition, more than 20 preliminary agreements worth more than 110 billion Saudi riyals (over $29 billion) are expected to be concluded on the sidelines of the Sino-Saudi summit.