مراحل تطور العلاقة الاقتصادية بين السعودية والصين / Stages of Development of the Economic Relationship Between the Saudi Arabia and China

Abstract

Abstract The economic relations between Saudi Arabia and modern China witnessed four stages: 1. the phase of almost no relationship, which lasted from 1949 AD until the mid-seventies of the last century; 2. the stage of initiating developing relations between the two countries after the start of economic reforms in China; 3. relations of highly advanced levels after the acceleration of the growth rates of the Chinese economy at the beginning of the new millennium; 4. the phase of transforming the Chinese economy into a locomotive that drags the rest of the train cars of the world economy, following the financial-economic crisis that hit the industrial hubs in 2008, whose epicenter was the United States after the mortgage crisis. During the fourth stage, two visions concurred: the Kingdom’s Vision 2030, and the China’s Belt and Road Initiative, which strengthened relations between the two countries. strengthened relations between the two countries.