International Development News
Development News Edition

UPDATE 1-China supports Saudi Arabia in economic and social change -Xi


Stability in Saudi Arabia is the cornerstone for prosperity and progress in the Gulf, and China firmly supports Riyadh in its drive for economic diversification and social reform, President Xi Jinping told Saudi Crown Prince Mohammed bin Salman.

Meeting in Buenos Aires, host of the G20 summit of industrialized nations on Friday, Xi said China has always attached great importance to its relations with Saudi Arabia, China's official Xinhua news agency reported.

"China firmly supports Saudi Arabia in its drive for economic diversification and social reform, and will continue to stick together with Saudi Arabia on issues involving their core interests," Xinhua cited Xi as saying.

The Saudi Press Agency posted pictures on Twitter of the prince talking to Xi, but gave no details of their discussion.

China and Saudi Arabia have close energy ties.

Saudi Arabia is set to expand its market share in China this year for the first time since 2012, with demand stirred up by new Chinese refiners pushing the kingdom back into contention with Russia as top supplier to the world's largest oil buyer.

Saudi Arabia, the biggest global oil exporter, has been surpassed by Russia as top crude supplier to China the past two years as private "teapot" refiners and a new pipeline drove up demand for Russian oil.

China also has good relations with Saudi's regional rival, Iran, and has long had to balance its ties between Riyadh and Tehran. (Reporting By Ben Blanchard in Beijing and Ali Abdelaty Editing by Gareth Jones and Grant McCool)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


TRENDING

OPINION/BLOG/INTERVIEW

How music can help expectant mothers during pregnancy

Music provides pleasant ambience for all but its more important for expectant mothers as besides ensuring pleasant environment for them it also directly and indirectly influences the unborn babies. There are various scientific findings to c...

EdTech: A technical approach to flexible and cost-effective education

Its hight time for the world to go for innovative approaches like e-learning over traditional learning methods that need physical infrastructure, long-term planning, and huge investment. ...

Our school campaigns are our strongest ally: Joaquin Antuna, founder of Peace and Cooperation

Joaquin Antuna is the founder of Peace and Cooperation, a Spanish NGO which was nominated as peace messenger by the United Nations in 1986. Antuna is of very firm opinion that in order to have an incisive impact on the community we live in,...

'No escape from telephones', this 1953 prediction actually comes true

In 1953, a telephone company chief predicted that therell be no escape from telephones in the future....

Videos

Latest News

UPDATE 1-Ethiopia's ruling coalition agrees to form single party ahead of 2020 vote

Ethiopias ruling coalition on Thursday approved the merger of three of its four ethnic-based parties into a single national one ahead of the 2020 elections, part of the prime ministers efforts to unite the country, but one of the parties bo...

Fee hike: JNUTA demands complete roll-back; JNU admin cites Rs 45-cr deficit

The JNU Teachers Association JNUTA met the HRD Ministry-appointed high-powered panel on Thursday and demanded a complete roll- back of the hiked hostel fee, besides removal of the universitys vice-chancellor, even as some teachers disassoci...

Farmers' stir ends in Odisha after govt accepts most demands

The week-long farmers agitation here ended on Thursday with the Odisha government accepting their demand of allowing paddy sale in the state-operated market yard, without the centralised token. The tokens will be now generated for farmers w...

Analytical Wizards secures Series A funding from Sopris Capital

Analytical Wizards, a New Jersey-based global healthcare analytics firm, has announced that it has secured Series A funding from Sopris Capital.Founded in 2015 Analytical Wizards leverages the power of AIML, technology, and domain expertise...

Give Feedback