An historic transformation of world economic and political possibilities surrounds the trip of China’s Xi Jinping to Saudi Arabia. Saudi Foreign Minister Prince Faisal bin Farhan explained, as reported by the Saudi Press Agency, that the bilateral relationship is characterized by friendship, mutual trust, cooperation, and continuous coordination. Further: “The relations between the Kingdom and China are strategic and close in light of the international developments and changes taking place.”
The welcome provided for Xi’s arrival yesterday contrasted with the muted reception provided for President Joe Biden on his trip in July. Four Saudi Air Force fighter jets escorted Xi’s plane upon his entrance into Saudi airspace, and six jets made smoke trails in the red and gold colors of China’s national flag.
Today extensive discussions were held on Dec. 8 at a China-Saudi summit, between Xi and King Salman bin Abdulaziz, attended also by Crown Prince Mohammed bin Salman. The two heads of state co-signed in person the comprehensive strategic partnership agreement, and agreed to take turns to host biennial meetings between the heads of state of the two countries. China has already become the largest importer of Saudi Arabian crude oil, accounting for more than 25% of Saudi’s exports in 2021. The Saudi Press Agency puts the agreements being signed today at $29.6 billion.