2016年CRI China Expands Cooperation with Saudi Arabia

 

Chinese ambassador to Saudi Arabia, Li Chengwen, said fruitful results are expected during the visit.

"Leaders from the two countries are expected to witness the signature of a series of contracts, in the fields of capacity cooperation, aviation technology, nuclear and renewable energy. The two sides will in particular make progress in capacity cooperation and the 'One Belt and One Road' projects."

In the Arab Policy Paper published by the Chinese government one week before the visit, a "1+2+3" cooperation pattern is highlighted.

It sets energy partnerships¹ as the core, infrastructure² construction and trade and investment facilitation as two wings, and high and new technologies in nuclear energy, satellites and new energy as three breakthroughs.

He Wenping is a professor at the Institute of West-Asian and African Studies, Chinese Academy of Social Sciences.

She says both sides have plenty to offer one another in the area of trade. 

"Saudi Arabia is rich in oil and gas. The revenue from these resources has laid a good foundation for its economy. But its infrastructure construction is quite poor. China has helped Saudi Arabia building light rails and the two sides also have great cooperation potential in nuclear. As crude oil prices are dropping, Saudi Arabia is now suffering financial difficulties, it needs to absorb investment abroad."

Guan Qingyou, executive director of Minsheng Securities' research institute, pointed³ out that, as Saudi Arabia plans to invest 45 billion US dollars in building 7,000 kilometer railway network from 2013 to 2023, China, with advantages in technology and cost, will be an ideal partner to promote Saudi Arabia's infrastructure construction.

Professor Li Shaoxian is the dean of the Arab Research Institute at Ningxia University. He said that in the context of current situation, China can play an active and constructive⁴ role in promoting economic development in the Middle East.

"What the Middle East needs most is stability and economic recovery. Since stability is based on economic development, what the region needs most now is economic reconstruction⁵. As you know, China is accelerating the 'One Belt One Road' initiative, which benefits the development of the Middle East."

China is Saudi Arabia's largest importer and second largest exporter, while Saudi Arabia is China's largest trading partner among the 22 Arab countries and biggest oil supplier.

Trade between the two sides reached 69 billion US dollars in 2014, 230 times of that in 1990.

For CRI, this is Qian Shanming.

1 partnerships   

n.伙伴关系( partnership的名词复数 )；合伙人身份；合作关系

参考例句：

• Partnerships suffer another major disadvantage: decision-making is shared. 合伙企业的另一主要缺点是决定要由大家来作。 来自英汉非文学 - 政府文件
• It involved selling off limited partnerships. 它涉及到售出有限的合伙权。 来自辞典例句

2 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

3 pointed   

adj.尖的，直截了当的

参考例句：

• He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
• She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

4 constructive   

adj.建设的，建设性的

参考例句：

• We welcome constructive criticism.我们乐意接受有建设性的批评。
• He is beginning to deal with his anger in a constructive way.他开始用建设性的方法处理自己的怒气。

5 reconstruction   

n.重建，再现，复原

参考例句：

• The country faces a huge task of national reconstruction following the war.战后，该国面临着重建家园的艰巨任务。
• In the period of reconstruction,technique decides everything.在重建时期，技术决定一切。