Saudi Arabia is looking for stronger cooperation with China on commerce investments and vitality flows somewhat than competing with the superpower, stated Vitality Minister Prince Abdulaziz bin Salman.
“We got here to acknowledge the truth of at the moment that China is taking, had taken a lead, will proceed to take that lead. We do not have to compete with China, we now have to collaborate with China,” he informed CNBC’s Dan Murphy through the Arab-China Enterprise Convention on Sunday.
He added that there’s worth in working with China as a result of they’ve taken the lead in getting the “proper producers” particularly within the renewables house. “We are going to by no means go once more to this zero-sum recreation.”
The convention in Riyadh was held towards the backdrop of China and Saudi Arabia’s rising financial and diplomatic ties as each navigate more and more strained relations with the West.
“This doesn’t suggest we’re not going to collaborate with others,” the minister additionally stated.