Chinese President Hu Jintao starts a state visit to Saudi Arabia
on Saturday. It is another important event in the Sino-Saudi
relations since King Abdullah paid a successful visit to China in
January this year.
During the visit, President Hu and King Abdullah are expected to
discuss ways of promoting cooperation and exchanging views on
issues of common concern. They will also sign a series of documents
on cooperation in various fields.
President Hu's visit, at the invitation of King Abdullah, will
surely further consolidate and develop the traditional friendship
between China and Saudi Arabia and usher in a new era of bilateral
cooperation, Chinese Ambassador to Saudi Arabia, Wu Chunhua, said
on the eve of Hu's visit.
Since China and Saudi Arabia established diplomatic relationship
in 1990, leaders of both countries have attached great importance
to the development of bilateral ties, Wu said.
Friendly cooperation between the two nations has progressed
steadily in various sectors, he said.
-- in the political field, China and Saudi Arabia have closely
conducted consultations and actively coordinated their positions on
many international and regional issues, such as Arab-Israeli
conflict and the Iraq war.
-- in the economic field, bilateral trade volume registered an
annual growth of 41 percent from 2001 to 2005. In the first two
months of 2006 alone, bilateral trade volume hit US$2.7 billion, up
43 percent as compared to the same period of last year. China has
become the fourth largest importer of Saudi exports, and Saudi
Arabia has ranked the fifth biggest destination for Chinese
exports.
-- in the energy field, bilateral cooperation has yielded
remarkable achievements on the basis of mutual benefits. From
January 2005 to March 2006, Chinese corporations and enterprises
clinched 55 Saudi contracts totaling more than US$3.4 billion, in
oil-related projects, cement production, telecommunications, and
infrastructure construction.
Describing President Hu's visit as a milestone event, Wu said
that it will surely give a strong impetus to the comprehensive
development of the Sino-Saudi friendly cooperation.
(Xinhua News Agency April 22, 2006)