A regional center for Chinese factories is expected to be developed in the kingdom, the Saudi energy minister says
Energy cooperation between China and Saudi Arabia is set to be strengthened as the two nations plan to secure supply chains in the sector, according to Saudi Energy Minister Prince Abdulaziz bin Salman.
His statement came during a visit to Saudi Arabia by Chinese President Xi Jinping ahead of a Chinese-Arab summit that kicks off in Riyadh on December 9. The Chinese delegation is expected to sign over 20 tentative agreements worth 110 billion riyal ($29 billion) with Saudi Arabia covering energy, security and investments.
“Saudi Arabia and China endeavor to enhance cooperation in the energy sector supply chains, by establishing a regional center for Chinese factories in the kingdom by taking advantage of the kingdom’s distinguished location among the three continents of Asia, Africa and Europe,” the minister said in a statement issued to the Saudi Press Agency on Wednesday.
He added that Saudi Arabia would remain a reliable partner for China in the energy sector as well as in ensuring global oil market stability. The minister highlighted that the countries are deepening cooperation and joint investments, including those in China’s Belt and Road Initiative and integrated refining and petrochemical complexes in both countries.
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According to Chinese customs data, Saudi Arabia is China’s top oil supplier in the first ten months of 2022, making up 18% of China’s total crude oil purchases, with imports totaling 73.54 million tons, or 1.77 million barrels per day.
China is the kingdom’s largest trading partner, with mutual trade worth $87.3 billion in 2021. Chinese exports to Saudi Arabia reportedly reached $30.3 billion, while China’s imports from the kingdom amounted $57 billion.
https://www.rt.com/business/567874-china-saudi-arabia-energy-center/
Any moment now I am expecting John Cleese (a veteran of Monty Python) to jump out of the bushes and announce the creation of the Ministry of Silly Wars, with Donald Trump as the deranged leader. For you youngsters out there, Monty Python’s skit, The Ministry of Silly Walks, helped make the members of MP legends. I had to reference Monty Python because the line of bullshit the Trump administration is feeding the American people and the world about the amazing, obliterating US attack on Iranian nuclear sites on Sunday morning, is more ridiculous that all of the silly walks pictured in the following video:
My hopes that Donald Trump would finally act like a responsible adult are dashed. He’s a dangerous buffoon. While the team around him are working frantically to maintain the fiction that Trump has a vision and is calling the shots on the foreign policy front, he is careening around the globe like an out-of-control cue ball on a billiards table. It started a week ago… first, he claimed...
Tuesday marks the third anniversary of the launch of the Fujian, China's first aircraft carrier equipped with electromagnetic catapults. Official media said China is about to enter a three-aircraft-carrier era, with the Fujian expected to enter service by 2025.
After the launch of the Fujian on June 17, 2022, it carried out its first sea trial from May 1 to 8 in 2024. Since then, the Fujian has completed multiple sea trials, accumulating more than 100 days of sea trial, China Central Television (CCTV) News reported on Tuesday.
Wei Dongxu, a Chinese military affairs commentator, said that the aircraft carrier Fujian has been making steady progress in sea trials, and is expected to be commissioned within this year, CCTV News reported.
With a full displacement of more than 80,000 tons, the Fujian is the world's first conventionally powered aircraft carrier to feature electromagnetic catapult technologies, according to CCTV News. The report noted that it will carry a wide variety of carrier-borne...
Chinese President Xi Jinping said Tuesday that China and Central Asian countries have explored and formed the China-Central Asia Spirit, which features mutual respect, mutual trust, mutual benefit, mutual assistance, and the pursuit of common modernization through high-quality development.
Xi made the remarks in his speech at the second China-Central Asia Summit in the Kazakh capital of Astana.
Xi said that the Chinese side has decided to establish three cooperation centers and a trade facilitation platform within the China-Central Asia cooperation mechanism.
When addressing the summit, Xi said these institutions include the China-Central Asia poverty reduction cooperation center, the China-Central Asia education exchange cooperation center, the China-Central Asia desertification control cooperation center, as well as the China-Central Asia trade facilitation cooperation....more below
