In September, the Arab League expressed hope that the planned summits would prove to be a milestone in the strategic partnership between Arab countries and China.
The Chinese foreign ministry has released a comprehensive review of China’s long-standing relations with Arab countries, and highlighted the strategic mutual trust in Arab-Chinese ties in the new era, which Chinese experts believe points out the future direction of cooperation.
The study highlights the friendship between China and Arab states that dates back to ancient times, China-Arab relations in the new era, and how China-Arab cooperation is developing rapidly amidst intertwined changes and building a China-Arab community with a shared future.
The study also asserts that China and Arab states face similar opportunities and challenges, according to a recent report in China’s Global Times newspaper.
In the third quarter, the Kingdom’s merchandise imports grew to SR181.1 billion ($48.8 billion), with China attaining 20.7 percent of the share and the topping of the list.
According to the United Nations Comtrade database on international trade, Chinese exports to the Kingdom amounted to a whopping $30.32 billion in 2021.
Chinese exports to the Kingdom were dominated by electrical and electronic equipment, which totaled $4.39 billion, followed by machinery, nuclear reactors and boilers at $3.20 billion.
Of the total electronic equipment exports, transmission apparatus for radiotelephony, televisions, cameras and cordless phones accounted for $1.85 billion, a clear indication of the rising popularity of Chinese smartphone brands like One Plus, Huawei, Poco, Realme, and Vivo in the Kingdom.
On the other hand, the value of Saudi exports to China was worth $10.96 billion last year, driven by organic chemicals exports, which amounted to $5.15 billion.
Last year, the Kingdom also exported plastics and mineral fuels worth $3.10 billion and $1.36 billion, respectively.
Earlier in April, Chinese President Xi Jinping told Crown Prince Mohammed bin Salman during a phone call that Beijing always prioritizes deepening ties with Riyadh.
President Xi also added that China wants high-level cooperation in energy, trade and high-tech industries with Saudi Arabia.
According to news reports, the Chinese delegation is expected to sign dozens of agreements with Gulf states and other MENA countries concerning energy, security and investments.