Zhang Erchi, Wang Zili and Denise Jia
BEIJING – As tensions between China and the United States show no signs of abating, ensnaring businesses from both countries in a seemingly endless spiral of restrictions and trade curbs, Beijing is looking elsewhere to find opportunities to bolster economic growth and expand its influence in key regions with geopolitical significance.
The most recent example is Saudi Arabia, the world’s second-largest oil producer, where a flurry of political and business exchanges in the past six months represents China’s highest-level diplomatic engagement with Arab nations since the founding of the People’s Republic of China in 1949.
Already a subscriber? Log in
Get exclusive reports and insights with more than 500 subscriber-only articles every month
No contract
ST app access on 1 mobile device
Subscribe now
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won’t miss out on content that matters to you
Join ST’s Telegram channel and get the latest breaking news delivered to you.
Read 3 articles and stand to win rewards
Spin the wheel now
MCI (P) 076/10/2022, MCI (P) 077/10/2022. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2023 SPH Media Limited. All rights reserved.