Saudi King visits China, signs deals worth up to $65 billion

Saudi Arabia’s King Salman oversaw the signing of deals potentially worth $65 billion at the start of his visit to Beijing on Thursday (March 16), as the world’s largest oil producer looks to cement ties with the world’s second largest economy.

The octogenarian monarch, who has overseen the launch of an ambitious economic reform plan since his accession two years ago, is on a monthlong Asian tour.

After the signing ceremony, Chinese Deputy Foreign Minister Zhang Ming said the memorandums of understanding and letters of intent were potentially worth about $65 billion, involving everything from energy to space, but he did not give details.

The two leaders later attended the closing ceremony of the Roads of Arabia historical relics exhibition at the National Museum of China.

The exhibition kicked off on Dec. 20 last year, state run Xinhua news agency reported, adding that it was the first time for Saudi archaeological relics to be displayed in China.

 

(REUTERS)

 
 
 
 
 

Canadian Police Probe ‘Suspicious’ Deaths of Billionaire Couple

Canadian Police Probe ‘Suspicious’ Deaths of Billionaire Couple
TORONTO—Canadian police said they were investigating the mysterious deaths of Barry Sherman, founder of Canadian pharmaceutical firm Apotex ...
READ MORE >
 
US

Trump Administration Cuts Red Tape

Trump Administration Cuts Red Tape
President Donald Trump is pushing hard on deregulation. He disclosed his administration’s achievements in reducing red tape and federal regulations ...
READ MORE >
 

North Korea Warns Country Is on Brink of War

North Korea Warns Country Is on Brink of War
North Korea's communist regime warned that it is on the brink of war. In an article published in ...
READ MORE >
 

Tillerson Urges Lull in North Korea ‘Threatening Behavior’ Before Any Talks

Tillerson Urges Lull in North Korea ‘Threatening Behavior’ Before Any Talks
U.S. Secretary of State Rex Tillerson on Friday called for a "sustained cessation of North Korea's threatening behavior" before talks ...
READ MORE >
 

Capitalism: How Capitalists Took the Word From Communists

Capitalism: How Capitalists Took the Word From Communists
Capitalism—how can a single word spark so much praise and vitriol simultaneously? How can a word prolifically used ...
READ MORE >