Source: Voice of Germany
Author: Nik Martin
China and Arabia signed an investment agreement of US $ 10 billion (S $ 13.4 billion) in the "China -Arab Cooperation Forum" to cover the fields of mining, technology and renewable energy.Washington is constantly deepened by Washington's relationship with the most close Middle East allies in the United States.
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The China -Arab Business Cooperation Forum held in Saudi Capital Riyadh this week has shown signs of changes in the balance of power in the Middle East in just two days.On the first day of the forum, China and Arabia announced a $ 10 billion investment agreement.
Saudi News Agency (SPA) reported that the two parties signed 30 agreements in many areas such as technology, renewable energy, agriculture, real estate, mining, tourism and medical care.
Reporting to describe the 10th Entrepreneur Conference of the China -Arab Cooperation Forum is a large -scale gathering from more than 3,500 business leaders, innovators and decision makers from more than 26 countries, including the largest Chinese delegation in history.
So far, Saudi Arabia has always been the main partner of the United States in the Middle East, and these new transactions reached with China have once again proved that the United States has weakened its influence in the region.
Three months ago, China promoted long -term hostile Saudi Arabia and Iran to reach a settlement.
Electric vehicle cooperation
Among the new China -Sales investment funds, more than half of the funds will be used to allow Chinese electric vehicle manufacturers Human Horizons to establish a new car production line in Saudi Arabia.
Prince Abdulaziz Bin Salman, Minister of Energy Abdulaziz Bin Salman, told Chinese representatives: "We don't have to compete with China, but to cooperate with China."
He diluted the suspicion of the West's increasingly close relationship between the West and Liyaton: "I actually ignored this, because as a businessman, you will seize the opportunity to come."
A few days ago, US Secretary of State Broskel told Saudi Foreign Ministers that Washington did not force Saudi Arabia to choose a side station between the United States and China.
Saudi leadership has expressed their hope to avoid zero -sum games, which means geopolitical competition between the United States and China.Some analysts believe that Saudi Arabia can use this competition to seek benefits for themselves.
Dr. DAWN C. Murphy, an associate professor of international security research, said to Germany: "China's influence gives the Middle East more room for bargaining with the United States."
"But I don't think these countries expect that China will provide the same security as the United States ... This is indeed an economic and political existence."
From energy trade to 2030 Vision
Due to China's strong demand for Saudi oil, China Saudi has maintained strong and powerful economic connections for decades.According to the Saudi government data, the trade value between the two countries in 2022 exceeded $ 106 billion, an increase of 30%over the previous year.In contrast, the US and Saudi Arabia's trade volume is $ 55 billion.
China's half of the oil imported from the Middle East is the largest oil buyer in Saudi Arabia and Iran.Nowadays, Saudi Arabia is trying to achieve economic diversification beyond energy production through the 2030 vision plan. Chinese companies will benefit from huge infrastructure contracts obtained from the country.
The Micathard Light Rail System built by China Railway allows hundreds of thousands of pilgrims to shuttle in the holy city.This 18 -kilometer line has nine stations, which is the first line built by Chinese companies in the Middle East.
In other current transactions, a Chinese construction company has won a contract to build a 28 -kilometer high -speed railway tunnel, which leads to Saudi Arabia's smart city "New Future City" (NEOM).
Some Middle East countries have signed infrastructure projects related to China's "Belt and Road" initiative.The initiative is also known as the New Silk Road, which aims to promote trade in Asia and other parts of the world.
Iranian Saudi Arabia: A turning point
In March of this year, seven years after Saudi Arabia had a relationship with Iran, China unexpectedly contributed to Saudi Arabia and Iran's reconciliation.This shows China's growing influence in the Middle East.
The end of hostile relations has also promoted Saudi Arabia to restore relations with Syria, and the United States has criticized this.
What embarrass the United States is that Palestine's leader Abbas is currently visiting Beijing.Earlier China expressed his willingness to help promote peaceful negotiations between Israel and Palestine for a long time.
In 2018, after the American residents and Saudi Exile journalists holding different political opinions, Kashuji was killed in the Saudi Consulate in Istanbul, and the relationship between the United States and Saudi worsen.
As President Bynden took office in early 2021, the bilateral relations further deteriorated.The Biden government issued a US intelligence assessment report saying that Saudi Crown Prince Mohammed Bin Salman approved Kashuji, but Saudi Crown Prince denied it.
Other disputes include Saudi Arabia's conflict, human rights issues, and oil prices.
Voice of the BRICS competition, de -US dollarization
With Saudi Arabia, the UAE, Egypt, Barin, and Iran prepare to join the BRICS countries, the United States is facing further competition in the region.The current BRICS members include China, Russia, India, Brazil and South Africa.
Western sanctions imposed on Russia due to Moscow's invasion of Ukraine, including frozen Russian central banks of about $ 300 billion in foreign exchange reserves, and many rich non -Western countries began to reduce their dependence on the US dollar and the US banking system.
The BRICS country has established its own Swift bank payment system, and is currently considering alternative currency.
At the same time, Saudi Arabia also expressed his willingness to accept Beijing for oil costs.
Although many analysts believe that this move will further weaken the US hegemonic position, Rui Liming at the National War of the National War of the National War has diluted the amount of the matter because the renminbi cannot be freely exchanged with international currencies.She told Germany: "Because the trade between China and Saudi is relatively balanced and huge ... they don't have so many risks, which conveys a positive information to China, that is, Saudi Arabia attaches great importance to this relationship."
