Friday, May 27, 2011

People's Republic of China – Saudi Arabia relations

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Sino-Saudi relations
Map indicating location of China and Saudi Arabia

China

Saudi Arabia

People's Republic of China – Saudi Arabia relations refers to the current and historical bilateral relationship between the People's Republic of China and the Kingdom of Saudi Arabia. The two governments established official diplomatic relations in July 1990.[1]

Sino-Saudi diplomatic and economic relations grew closer in the 2000s. In January 2006, King Abdullah was the first ever Saudi head of State to visit China. His visit was reciprocated by Chinese President Hu Jintao in April of the same year. In February 2009, Hu visited Saudi Arabia a second time, to "exchange views on international and regional issues of common concern" with King Abdullah.[2]

Following the 2008 Sichuan earthquake, Saudi Arabia was the largest aid donor to China, providing close to € 40,000,000 in financial assistance, and an additional € 8,000,000 worth of relief materials.[3]

In 2008, Sino-Saudi bilateral trade was worth € 32,500,000,000[4], making Saudi Arabia China's largest trading partner in Western Asia.[5] In the first quarter of 2010, Saudi oil export to China has reached over 1 million barrels, exceeding export to USA.[6]

Since 2008, Saudi Arabia's ambassador to China is Yahya bin Abdul-Kareem Al-Zaid.[7]

In 2010, it was expected that China would buy more oil from Saudi Arabia than Saudi Arabia's long time allies, the United States.[8]

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