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Obama friends in S.Arabia can track wives’ travels electronically like cows!! [Copy link] 中文

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Post time 2012-11-23 19:46:58 |Display all floors
Middle East and China forge ties over oil

Abu Dhabi (CNN) -- China's Xi Jinping, who is expected to be named president in March and likely next premier Li Keqiang will inherit a foreign policy that puts a premium on partnerships that can help China fuel its resource-hungry economy.
In the world of geo-politics, symbolism goes a long way in forging lasting, strategic relations. This is certainly the case when it comes to China's role within the Middle East, specifically with Saudi Arabia, the country with the world's largest proven oil reserves.
When King Abdullah took over the throne in Saudi Arabia, his first foreign visit in January 2006 was to Beijing after an invitation of President Hu Jintao. Six years later, the countries' two state-run energy giants, China's Sinopec and Saudi Aramco, inked a huge oil agreement guaranteeing the Asian nation an additional 400,000 barrels a day from a Red Sea refinery in the Saudi city of Yanbu. This is on top of the estimated one million barrels of oil a day it now orders from the Kingdom.
"We need China as much as China needs us," said Khalid Al-Falih in a CNN interview right after he signed the agreement, "But the energy corridor is only part of it. We envisage an exchange of goods and services and trade in other areas that add value to the Chinese economy and to the Saudi economy as well."

That deal follows a major equity investment in the Fujian province where Saudi Aramco invested in petrochemical manufacturing facilities along with U.S. energy giant ExxonMobil.
In the 19th century the battle over influence of Central Asia was described as the "Great Game" as the British and Russian empires vied for control and influence in the region. In the 21st century, one may view China's influence in the Middle East in a similar vein.
"Clearly there are mutual interests in terms of large energy suppliers and consumers, but there will be stress points, of course," said Ben Simpfendorfer, co-founder of Silk Road Associates, an investment advisory firm specializing on trade between the Middle East and Far East Asia.
China, experts say, is keen to lock in strategic commodity supplies rather than exercise political influence at this juncture. This is reflected in its vetoes -- together with Russia -- striking down resolutions against Syria on the United Nations Security Council.
This strategy of non-intervention may not be sustainable, says Simpfendorfer, "I think China's position will be challenged by the Gulf countries and that is certainly a risk the new leadership has to look out for" especially since Beijing is so dependent on the region to fuel its economic expansion.
But one cannot doubt whether the world's second largest economy is instrumental in rebuilding the ancient Silk Road. China continues to go to great lengths to foster developing market trade partners -- some argue to exploit their natural resources in the case of Africa -- as part of its "Great Game" strategy. China rolls out the welcome mat on its soil, for example recently inviting Arab leaders to Yinchuan, in northern-central part of the country, for the 3rd China-Arab States Economic and Trade Forum.
There are some lofty expectations for trade between China and the Arab states. The United Arab Emirates' foreign trade minister, Sheikha Lubna Al Qasimi, said bilateral trade between the Gulf and China could hit $300 billion by 2014. Trade between China and the UAE grew 10% last year alone, witnessing a fivefold increase in less than a decade. Some see Dubai's Jebel Ali port as an excellent gateway for China into the African continent.
This keen business interest in the Middle East is not likely to change with Xi Jinping taking over the helm in 2013, but is China ready for a G-2 world dominated by Washington and Beijing? Not yet, strategists suggest. Beijing prefers the relative comfort of the broader G-20 world that brings the developed and developing world under one umbrella, with the ability for the new leaders of China to seek political alignment from BRICS partners Brazil, Russia, India and South Africa.
All the while, China continues to blaze new trails beyond the Middle East in search of strategic supplies. This autumn, the country made inroads into Afghanistan with the first high level visit in more than a half century. The bounty is a promising one with more than a trillion dollars of mineral deposits estimated in the country.
China's "Great Game" continues with an ever expanding footprint from the Middle East well into South Asia.
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Post time 2012-11-23 19:50:06 |Display all floors
Hu vows to boost ties with Saudi Arabia
By Li Xing (China Daily)
Updated: 2009-02-11 07:42

RIYADH: China will work with Saudi Arabia to strengthen bilateral ties and cope with the global financial crisis, President Hu Jintao said yesterday.

Bilateral relations have proceeded smoothly in the past years, Hu said in a statement after arriving in Riyadh, the Saudi Arabian capital.

"China is willing to work with Saudi Arabia to push forward the ties and benefit the peoples of the two nations," he said.

Hu and Saudi Arabian King Abdullah bin Abdul-Aziz will hold talks today, with the financial crisis one of their topics.

Trade and investment deals in fields such as energy and transport, are expected to be signed after their meeting.

During the three-day visit - Hu's second to Saudi Arabia as president - Hu will meet with secretary-general of the Gulf Cooperation Council (GCC), Abdul Rahman Al-Attiyah, to discuss cooperation between China and GCC countries.

Hu will also visit a cement production project constructed by Chinese companies in Riyadh.

Since China and Saudi Arabia established diplomatic ties in 1990, relations have developed steadily, with increasing exchange of visits at different levels while expanding cooperation in various sectors.

In January 2006, King Abdullah paid a state visit to China, during which he and Hu agreed to deepen friendship and cooperation between the two countries.

Three months later, the Chinese president returned a state visit to Saudi Arabia, which promoted all-around bilateral cooperation.

After the 8-magnitude earthquake hit western China in May 2008, King Abdullah became the biggest donor to China, offering $60 million of cash and relief materials.

Saudi Arabia is now China's largest trading partner in West Asia. Two-way trade hit $41.8 billion last year.

Xinhua contributed to the story
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Post time 2012-11-23 19:51:38 |Display all floors


WhAT PRESENT HE HANDED OVER TO THAT GIRL ?
Maybe that funny electronic device ?
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Post time 2012-11-23 19:52:06 |Display all floors
h ttp://www.chinadaily.c om.cn/cndy/2009-02/11/content_7463135.h tm
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Post time 2012-11-23 19:53:56 |Display all floors
Hu meets Saudi Arabian king, 5 cooperation deals signed

China and Saudi Arabia on Tuesday vowed to deepen their strategic friendly ties, work together to tackle the global financial crisis and strengthen coordination in international and regional affairs.

The pledge came after the talks between Chinese President Hu Jintao, who arrived in Riyadh earlier in the day for his second state visit to the Gulf nation, and Saudi Arabian King Abdullah bin Abdul-Aziz.

"China-Saudi Arabia ties have developed rapidly and reached an all-time high since the heads of states exchanged their visits in 2006," Hu told King Abdullah.

Hu last traveled to Saudi Arabia in April 2006, three months after King Abdullah paid a historic visit to Beijing. The king's visit was the first by a Saudi head of state to China since the two countries established diplomatic relations in 1990.

Hu said China values the important role Saudi Arabia has played in safeguarding regional peace and stability and ensuring international energy security.

China has always dealt with its relations with Saudi Arabia from a strategic point of view, he said.

"The international situation is undergoing complicated and profound changes. In particular, the global financial crisis has posed severe challenges to us," Hu said.

To elevate bilateral ties, Hu proposed the two countries maintain high-level visits and establish a high-level consultation mechanism.

On the economic front, Hu said both countries should take advantage of their own resources and markets, promote an all-round energy partnership and expand two-way investment.

Saudi Arabia is now China's largest trading partner in West Asia and North Africa, with two-way trade hitting 41.8 billion U.S. dollars in 2008.
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Post time 2012-11-23 19:54:12 |Display all floors
King Abdullah echoed Hu's views on bilateral relations, saying both countries enjoy fraternal ties and China is Saudi Arabia's most sincere friend.

He said it is in the common interests of both countries to foster friendship and Saudi Arabia has a strong will to promote bilateral ties.

The king said his country would like to seek stronger cooperation in trade, economic and other fields with China and exchange views on international issues of common concern.

The king said all Gulf Cooperation Council (GCC) has sound cooperation with China and all member countries would like to further develop ties.

On the financial crisis, Hu said China and Saudi Arabia should step up coordination, work more closely on trade and investment, jointly respond to and guard against financial risks, in a bid to ensure the two countries' economic and financial stability.

Hu and King Abdullah agreed on keeping closer communication on reforming the world financial system, particularly on a Group of 20 financial summit to be held in London in April.

Following the talks, Hu and King Abdullah witnessed the signing ceremony of five cooperation deals in energy, health, quarantine, transportation and culture.
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Post time 2012-11-23 19:54:33 |Display all floors
Hu is also scheduled to meet GCC Secretary General Abdul Rahman Al-Attiya to discuss cooperation between China and GCC member countries on Wednesday.

Saudi Arabia is the first leg of Hu's five-nation tour. The week-long trip will also take him to Mali, Senegal, Tanzania and Mauritius.

(Xinhua News Agency February 11, 2009)
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