China and Saudi Arabia signed deals worth $65 billionStaff Writer | March 16, 2017
China and Saudi Arabia signed more than a dozen agreements on economic cooperation worth $65 billion, according to Beijing's foreign ministry.
Cooperation 14 agreements pertaining to investments
The Saudi king is on a state visit to China from Wednesday to Saturday, and some portions of his trip overlap with a visit from U.S. Secretary of State Rex Tillerson.
The meeting between the king and Xi comes at a time when China has reportedly been asked to play a bigger role in the Middle East, according to the South China Morning Post.
While the two sides do not necessarily agree on a strategy to resolve the Syria conflict, Chinese diplomats who spoke to the Hong Kong-based newspaper said China is growing confident about its influential role in a multipolar world.
Energy cooperation, which has been the foundation of China-Saudi Arabia relations, is at the center of Saudi Arabia's concerns, according to the report. ■