News Snapshot:
On Dec. 9, the leaders of Saudi Arabia and China met in Riyadh—Xi Jinping’s first visit there since 2016. He and his counterpart, crown prince Mohammed bin Salman, agreed meet more often and signed a number of deals broadly aimed at aligning the countries’ mid-term development agendas, China’s Belt and Road Initiative and Saudi’s Vision 2030. At the heart of Chinese-Saudi relations is oil. No specific oil deals were disclosed during the meeting, but the Riyadh meeting was clearly a chance for the countries to firm up their longstanding energy trade relations. Saudi Arabia is the top supplier of oil...
