The crown prince’s tour includes three Asian countries at the economic level, starting from Pakistan, passing through India, to China, the second strongest global economy, and may take a lot of attention when visiting China. Specifically, the strength of the economic relations between it and the Kingdom of Saudi Arabia, from which we review aspects of it through the following points

First ... The size of the first consuming Chinese economy globally is more than 14 times the Saudi economy, and it is one of the strong reasons that call for the Kingdom to increase the volume of commercial exchange in The year 2018 is about $ 63 billion annually

Second ... China imported about 57 million tons of Saudi oil in 2018, while the kingdom ranks second in the list of oil suppliers to China after Russia < / p> Perhaps the November 2018 scene reflects the strong competition between the two largest oil producers in the world, Saudi Arabia and Russia, which exchanged positions in supplying oil to China, after 19 months of retaining Russia ranked first, during November 2018, Saudi Arabia managed to be the leading supplier of oil to the Chinese dragon, which is the largest importer of crude in the world, as Saudi oil supplies to China in November 2018 reached 1.596 million barrels per day, outperforming Russia, whose oil exports to China in the same month amounted to 1.593 million Also, Saudi oil exports to China increased by about 50% over the same period of the year Of Mady

Third ... Against the background of the oil scene, Saudi Arabia intends in 2019 to pump about 1.67 million barrels of oil to China, after Iranian oil receded to the Chinese market by 338.7 thousand barrels Daily, in light of the US sanctions imposed on Iran that allow China to buy 360,000 barrels per day only until May 1, 2019


Fourth ... The Kingdom of Saudi Arabia intends to share investment in the economic corridor project between China and Pakistan, about 13.3%, about $ 10 billion through the Pakistani port of Gwadar, in an important economic indication to diversify the Kingdom of its strategic investment plans with its effective Asian environment ... It is reported that the economic corridor It completely depends on the Chinese yuan currency for completing commercial transactions, and connects northwest China with the latest networks of roads, energy and railway pipelines to cross China goods to the Middle East, and also gives tax exemptions for 23 years and land lease contracts that extend to 99 years