Saudi Arabia and China prioritize collaboration over competition in energy and business deals.

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Source: CNBC
Saudi Arabia and China prioritize collaboration over competition in energy and business deals.
Photo: CNBC
TL;DR Summary

Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman, has said that the country is seeking collaboration with China on trade investments and energy flows rather than competing with the superpower. He added that there is value in working with China because they have taken the lead in getting the "right manufacturers" especially in the renewables space. The conference in Riyadh was held against the backdrop of China and Saudi Arabia's growing economic and diplomatic ties as both navigate increasingly strained relations with the West.

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