China's Xi Jinping visiting Saudi Arabia in bid to boost economic growth

Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic growth weighed down by strict anti-Covid-19 measures

President Xi Jinping
Photo: Bloomberg
AP Beijing
2 min read Last Updated : Dec 07 2022 | 10:12 AM IST

Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic growth weighed down by strict anti-COVID-19 measures.

The Foreign Ministry said on Wednesday that Xi will attend the inaugural China-Arab States Summit and a meeting with leaders of the six nations that make up the Gulf Cooperation Council in the Saudi capital of Riyadh.

His state visit to Saudi Arabia will end on Saturday.

China is the world's second largest economy and a major source of outward investment.

To fuel massive demand, it imports half its oil, of which half of those imports come from Saudi Arabia, amounting to tens of billions of dollars annually.

China's economic growth had been on a steady decline for years and was dealt a major blow by rolling lockdowns imposed across the country as a response to the COVID-19 pandemic.

Chinese economic growth rebounded to 3.9 per cent over a year earlier in the three months ending in September, up from the first half of the year's 2.2 per cent, but still well short of the government target.

China's COVID-19 infection numbers are lower than those of the United States and other major countries.

But the ruling party is sticking to zero-COVID, which calls for isolating every case, while other governments are relaxing travel and other controls and trying to live with the virus.

China's ruling Communist Party shares many of the authoritarian tendencies of Saudi Arabia and other Gulf states, shielding Beijing from criticism over its harsh policies toward Uyghurs and other Muslim minorities.

More than a million have been sent to detention centers where they report being forced to denounce Islam and swear fealty to Xi and the party.

Beijing denies the charges, saying they have been providing job training and ridding Muslims of extremist, separatist and terroristic tendencies.

The trip to Saudi Arabia marks a further move by Xi to restore his global profile after spending most of the pandemic inside China.

Xi was granted a third five-year term in October, but street protests against zero-COVID policies last month saw the most significant public challenge to his rule and may have prompted a relaxation of some measures.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :ChinaXi JinpingSaudi ArabiaChinese economy

First Published: Dec 07 2022 | 10:12 AM IST

Next Story