Tuesday, July 17, 2018

China in the Middle East: Behind Xi's economic charm offensive

We examine why China is pledging billions of dollars in loans and aid to revive growth in the Middle East.

AL-JAZEERA- 14 Jul 2018 

China, the world's second-largest consumer of crude, has stepped up its investment in the oil-rich Middle East with a pledge of more than $23bn in loans and millions more in aid.
President Xi Jinping also wants talks on free trade areas and is putting forward an "oil and gas plus" investment model to representatives of 21 Arab nations at a forum in Beijing. He believes it's a model that can create jobs and helps safeguard China's future energy requirements.