Summary:
- Chinese leader Xi Jinping emphasized enhancing cooperation with Arab nations in various sectors such as finance, technology, and green tech.
- China has been actively involved in diplomatic efforts in the Middle East, brokered a peace accord between Saudi Arabia and Iran, and is increasing investments in the region.
- Growing Chinese ties to the Middle East could significantly impact global energy-related trade, potentially adding over US$400 billion by 2030.
- As the Biden administration supports Israel in the conflict, China aligns with Arab states, extending its political sway in the region and strengthening its global influence against the US.