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on the 8th december, ling ji, vice minister of commerce and deputy china international trade representative, co-chaired the 1st meeting of china-saudi investment and economic cooperation working group with saudi assistant minister of investment abdullah and undersecretary sara in riyadh, the capital of saudi arabia. they met with saudi minister of investment khalid al-falih.
ling ji said both sides have continued to consolidate and deepen china-saudi comprehensive strategic partnership, and achieved fruitful results in bilateral economic and trade cooperation. china is the largest trading partner of saudi arabia, and saudi arabia bordering the red sea has become the "blue sea" with great potential for chinese enterprises to invest in. saudi investment in china and cooperation in large projects with china have been fruitful. there is a solid foundation and broad space for both sides to strengthen cooperation in the production and supply chain. it is hoped that the saudi side will pay attention to and promote the settlement of the reasonable demands of chinese enterprises and create a favorable business environment.
falih said that the saudi side attaches great importance to the comprehensive strategic partnership between saudi arabia and china. there is a sound foundation for two-way investment in a wide range of fields. he encourages chinese enterprises to invest in manufacturing, new energy and other fields in saudi arabia, and supports saudi enterprises to actively invest in china, so as to promote the quality and efficiency of economic and trade cooperation between the two sides.
