HONG KONG/RIYADH : Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations.Saudi Arabia will be hosting the 1
HONG KONG/RIYADH : Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations.
Deepening cooperation between Riyadh and Beijing in security and sensitive high-tech has been a major U.S. concern. "From the perspective of both capital and new market, the Middle East, Saudi Arabia are really good new choices for Chinese companies and investors," said Henry Zhang, president of Hong Kong-based private equity firm Hermitage Capital.
The event also comes as Saudi Arabia, the world's top crude exporter and largest Arab economy, aims to cut oil dependence and modernise the country with new industries under its economic agenda - Vision 2030 while deepening ties with Beijing.China is Saudi Arabia's top trading partner globally with bilateral trade worth $87.3 billion in 2021.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former ByteDance executive says Chinese Communist Party tracked Hong Kong protesters via dataHONG KONG: A former executive at ByteDance, the Chinese company which owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong. Yintao Yu, formerly head of engineering for Byt
Read more »
Hong Kong protest anthem tops iTunes charts after move to ban songVariations of the song accounted for the top 10 slots on iTunes charts in the city on Wednesday. Read more at straitstimes.com.
Read more »
UK to remove Chinese-made surveillance equipment from sensitive government sitesLONDON: Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world's greatest challenge to security and pros
Read more »
This Chinese influencer looks and sings just like Leslie CheungHe has his make-up done by a special effects person to look like the late superstar.
Read more »
Germany triggers EU investigation into Chinese biofuels - sourcesLONDON : The European Commission is investigating the flow of allegedly fraudulent biofuels into the EU following a complaint from Germany, sources told Reuters, as a Commission spokesman said the bloc was determined to tighten oversight of the trade.The spokesperson said in an email to Reuters that an un
Read more »
Germany triggers EU investigation into Chinese biofuelsLONDON: The European Commission is investigating the flow of allegedly fraudulent biofuels into the EU following a complaint from Germany, sources told Reuters, as a Commission spokesman said the bloc was determined to tighten oversight of the trade. The spokesperson said in an email to Reuters that an unn
Read more »