🇨🇳 China-Arab Ties Strengthen Amid Multipolarity and Geopolitical Shifts

Chinese-Arabian relations, particularly with Saudi Arabia and the UAE, are rapidly growing due to the multipolarity trend, US pressure on China and conflicts in Ukraine and Gaza.

At the China-Arab States Cooperation Forum, Chinese President Xi Jinping emphasized China's commitment to partnership for peace and stability.

The forum saw the participation of leaders from Egypt, UAE, Bahrain and Tunisia. Additionally, China and Russia have positioned themselves as leaders of BRICS, which now includes UAE and Egypt, with Saudi Arabia also invited to join.

Arab states have shown more support for China’s peace plan for Ukraine than Western proposals, with Saudi Arabia suggesting China as a key intermediary for a Gaza ceasefire.

Here is the economic foundation for this Arab-Chinese rapprochement:

🌏 China sources over one-third of its oil from six Gulf Cooperation Council members, with only Russia supplying more than Saudi Arabia (85.9 million metric tons in 2023).

🌏 A significant portion of Saudi-Chinese oil trade is conducted in ‘petro-yuans’, attributed to "geopolitical risks," according to Silk Road Fund chairman Zhu Lun.

🌏 De-dollarization and expansion of Arab-Chinese trade to the non-energy sectors were the goals set by Xi during his visit to Riyadh in December 2022. He called for more investment in AI and green tech.

🌏 In June 2023, Riyadh signed a $5.6 billion deal with a Chinese electric carmaker to establish a joint venture in Saudi Arabia.

🌏 Xi proposed creating a "joint space debris observation center" and developing space aircraft for scientific and passenger missions with Arab countries.

🌏 At the China-Arab States Cooperation Forum, China signed Belt and Road cooperation agreements with all 22 Arab countries and the Arab League, implementing over 200 major projects benefiting nearly 2 billion people. China expects diplomatic support from Arab nations on the Taiwan issue.

🔗SOURCE ➡️ Geopolitics Live

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8/25/23 — BRICS Doubles Share of Global Oil Production In Welcoming Six New Members at BRICS Summit in S. Africa — The Mcgwire / PsyopDaily

7/26/23 —  The End of The PetroDollar, The Rise of BRICS is Here — The Mcgwire / PsyopDaily

March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China — The Mcgwire / PsyopDaily

....Conclusion

The AIIB and BRICS will likely play a large role in the new economic world order discussed in my last publication from a week ago. The AIIB already has half of NATO signed on, and is gaining traction with the Silk Road Belt and Road initiative.... BRICS members South Africa and India have remained relatively neutral, although... they are looking to cozy up with the Russia/China axis.... The same goes for the gulf states, although they are not BRICS [now Saudi Arabia is]

As Saudi Arabia is seeking to abandon the Petrodollar, India is seeking to phase out the dollar as a reserve currency in trade with Russia, the dollar’s reserve currency status faces a great threat... as multiple countries bolster relations with Russia and Chin... and defy the US’s wishes and implicit or direct threats, this could embolden others to do the same in the future-dismantling US hegemony. We could be witnessing the fall of the US empire, and its reserve currency, coincided by the rise of an emerging power structure and world economic system in which BRICS nations rise as the new dominant power of the globe.

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