Chinese President Xi Meets Saudi Crown Prince MBS in Riyadh, Deals Worth $30Bn Signed


Source: news18.com news18.com

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Chinese President Xi Jinping and Saudi Arabia’s powerful crown prince met Thursday on an Arab outreach visit that has earned a rebuke from Washington, reaching deals in areas including energy and infrastructure. Agreements worth about $30 billion were being signed on Thursday, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances. Xi and Crown Prince Mohammed bin Salman, the 37-year-old de facto ruler of the world’s biggest oil exporter, met at Yamamah Palace in Riyadh, flanked by high-ranking officials wearing face...