Thursday, September 1, 2016

China, Saudi Arabia ink cooperation deals

Xinhua | 2016-08-30

China and Saudi Arabia on Tuesday signed 17 cooperative agreements after the first meeting of a high-level steering committee for coordinating bilateral cooperation.  Chinese Vice Premier Zhang Gaoli and Saudi Arabia's Deputy Crown Prince Mohammed bin Salman co-chaired the meeting in Beijing.  The cooperative documents covered politics, energy, finance, investment, housing, water resources, quality inspection, science, technology and culture.  Chinese President Xi Jinping paid a state visit to Saudi Arabia in January, reaching a consensus on various issues with Saudi King Salman bin Abdulaziz Al Saud.  During that visit, the two countries announced a comprehensive strategic partnership and set up a high-level steering committee to guide and coordinate cooperation.  Noting that Saudi Arabia is an important cooperative partner of China in the West Asian and North African region, Zhang said China views bilateral ties from a strategic and long-term perspective.  China is willing to share experience with Saudi Arabia on state governance, he said, calling on the two sides to support each other's core interests and major concerns and cement strategic mutual trust.  China is ready to synergize the Belt and Road Initiative and Saudi Arabia's Economic Vision 2030, he said.  Under the framework, Zhang suggested the two sides promote cooperation in industrial capacity, equipment manufacturing, energy, trade, investment, finance, science and technology, culture and security.  Mohammed said relations between Saudi Arabia and China are of strategic importance, noting that the two sides enjoy great potential for cooperation.  Saudi Arabia firmly supports China's stance on issues related to Taiwan, Xinjiang and the South China Sea, he said.  Saudi Arabia hopes to join in the Belt and Road Initiative and forge a stronger partnership with China in the areas of energy, trade, investment, finance, industrialization and mining, he added.  The Saudi prince also called on the two sides to strengthen coordination, jointly fight terrorism, and promote international and regional peace and stability.  Saudi Arabia supports China in holding a successful G20 Summit, he said.  Mohammed, also the country's defense minister, will attend the G20 Summit in the eastern Chinese city of Hangzhou, scheduled for Sept. 4-5.