The 10th Arab-China Business Conference attracted thousands of delegates to Riyadh over 11-12 June, raising renewed speculation that China is supplanting the US in Riyadh. But while China has surpassed the US in recent years as the kingdom’s leading trade partner, Saudi Arabia’s ambitious investment plans mean it will need to attract investment from both countries.
Saudi-China Conference Highlights Growing Ties
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Charts
1: Saudi Arabia's Top Two Suppliers ($bn): China Has Surged Ahead Of The USA In Recent Years
2: Saudi Arabia's Core Export Markets: The Value Of Exports To The US Have More Than Halved Since 2013 While Those To China Have Soared To Record Highs ($bn)
3: Saudi Arabia's Big 5 Crude Customers ('000 b/d): China's Imports Have Soared Over The Past Decade Supplaning The USA As Top Buyer
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