Saudi Arabia and China Signed $46 billion Investment Agreement | This Angered Western Countries

#china #chinanews #usa #saudis #oil #biden ✨✨✨✨✨✨✨✨✨✨✨✨ Saudi Arabia has always played an extremely important role in the Middle East due to its rich energy resources and unique geographical location. In 2022, Saudi Arabia’s annual oil production reached approximately 600 million tons, making Saudi Arabia one of the largest economies in the Middle East. Saudi Arabia has maintained a close partnership with the United States for a long time. This is because Saudi Arabia’s economic structure is relatively simple and mainly relies on oil exports. Therefore, Saudi Arabia and the United States quickly reached an agreement and launched extensive cooperation in the oil field. However, in recent years, Saudi Arabia seems to have realized that future cooperation with the United States will not bring greater benefits. Therefore, many important infrastructure projects have chosen to cooperate with China, which has also caused a certain degree of concern in the United States. In order to curb China’s growing influence in the Middle East, the United States has even publicly warned Saudi Arabia to keep its distance from China on many occasions. However, Saudi Arabia ignored Biden’s warning and signed more than US$46 billion in energy investment agreements with China throughout 2023, and both parties used RMB as the transaction currency in this energy transaction. Obviously, the US warning has lost its deterrent effect. So, in what areas have Saudi Arabia and China signed these investment agreements? ----------------------------------------------