The GCC countries have strong economic partnerships with China.
During this year, China’s ambassadors to the GCC countries revealed the volume of trade exchange as China replaced the European Union from 2020 and became the GCC’s largest trading partner.
Relations between the Gulf states and China were not as strong as they are today. President Deng Shaobing, who led China (from 1987 to 1992), realized that his country’s need for energy sources and economic development needed a stable security system, and he found her. in the Persian Gulf, which accounts for the lion’s share of China’s oil imports Gas and petrochemicals.
Indeed, China has been able to establish its economic presence in the Persian Gulf and the relationship has entered a new phase “within seventy years of political convergence” that has led to amazing economic development and is still in the process of transformation.
China has become the GCC’s largest trading partner since 2020, replacing the European Union.
Saudi Arabia tops the list of China’s trading partners among the Arab countries, and the level of trade exchange between the UAE and China exceeded $64 billion.
China topped the list of Asian countries in terms of trade with the Sultanate of Oman, amounting to 8.3 billion Omani rials.
The volume of trade between Kuwait and China in the first 11 months of 2021 reached $20.2 billion.
At the same time, the Chinese Ambassador to Qatar confirmed that the volume of trade with his country exceeded $18 billion.
The volume of trade between Bahrain and China has exceeded $2 billion.
Judging by the figures, cooperation between the GCC countries and China in the field of energy is developing at a steady and continuous pace towards a deeper and wider direction of oil and natural gas production and processing.
