FED'S SCHMID - WE STILL HAVEN'T BEAT INFLATION BACK TO 2%

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

MNI: FED BALANCE SHEET TOTAL ASSETS -$43B TO $6.924T IN WEEK

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

China's Li Meets w/MBS As Beijing Pushes Saudi & UAE Ties

MIDEAST
EM BulletHomepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletEnergy BulletsBulletPower BulletsEmerging Market NewsPolitical Market News

(MNI) London - As part of a multi-day visit to Saudi Arabia and the UAE, Chinese Premier Li Qiang is meeting with officials from Saudi gov't and industry. Says that China 'encourages Saudi firms to expand and strengthen cooperation with China in O&G, petrochemicals, infrastructure and trade'. Chinese state outlet Xinhua reports that Li 'called on China and the Gulf Cooperation Council (GCC) countries to strengthen the alignment of development strategies and speed up the free trade agreement negotiations process.'

  • Li met withSaudi Crown Prince Mohammed bin Salman for talks earlier today and the two will chair the fourth meeting of the High-Level Sino-Saudi Joint Committee. The Chinese premier will travel to the UAE for talks on 13 September.
  • The visit comes as China seeks to play an increasingly active economic and diplomatic role in the Middle East. The development of closer relations with Saudi and the UAE - two of the US' closest allies in the region - is seen by the US-based Atlantic Councilthink tank as indicating a shift in stance from Beijing. This activism was seen in 2023 with China's brokering of a normalisation deal between Saudi and Iran.
194 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

(MNI) London - As part of a multi-day visit to Saudi Arabia and the UAE, Chinese Premier Li Qiang is meeting with officials from Saudi gov't and industry. Says that China 'encourages Saudi firms to expand and strengthen cooperation with China in O&G, petrochemicals, infrastructure and trade'. Chinese state outlet Xinhua reports that Li 'called on China and the Gulf Cooperation Council (GCC) countries to strengthen the alignment of development strategies and speed up the free trade agreement negotiations process.'

  • Li met withSaudi Crown Prince Mohammed bin Salman for talks earlier today and the two will chair the fourth meeting of the High-Level Sino-Saudi Joint Committee. The Chinese premier will travel to the UAE for talks on 13 September.
  • The visit comes as China seeks to play an increasingly active economic and diplomatic role in the Middle East. The development of closer relations with Saudi and the UAE - two of the US' closest allies in the region - is seen by the US-based Atlantic Councilthink tank as indicating a shift in stance from Beijing. This activism was seen in 2023 with China's brokering of a normalisation deal between Saudi and Iran.