Saudi Arabia sides with China at World Economic Forum

Saudi Arabia sides with China at World Economic Forum
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DAVOS: The rise of China will be a source of global stability not conflict, major oil supplier Saudi Arabia said at the World Economic Forum in Davos on Tuesday.

“As China gets integrated into the world, and into the world financial and economic systems, it has a tremendous interest in stability of those systems,” Saudi Foreign Minister Adel al-Jubeir said.

“And so I think the rise of China should be one that is welcomed, not one that is viewed as a source of a threat,” he told a discussion in the Swiss resort, where 3,000 members of the political and business elite gathered for annual talks.

Jubeir’s comments came after China’s President Xi Jinping warned, also at Davos, against scapegoating globalisation for the world’s ills or retreating behind protectionist walls.

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