Beijing, July 10th—Liu Jianchao, Minister of the International Department of the CPC Central Committee, met here today with Yasir Al-Rumayyan, Head of Saudi Arabia’s Economic Cooperation Affairs with China and Governor of Saudi Arabia’s Public Investment Fund (PIF).  

Liu noted, under the care and strategic guidance of President Xi Jinping, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Mohammed bin Salman Al Saud, China-Saudi Arabia relations have developed rapidly. Political mutual trust between the two countries has been strengthened, and cooperation in various fields such as economy and trade has been deepened. The Chinese side attaches great importance to its relationship with Saudi Arabia and is willing to work with the Saudi Arabian side to implement the important consensus reached by the leaders of both countries, strengthen the alignment of development strategies, promote practical cooperation in various fields, expand people-to-people and cultural exchanges, and drive greater development in bilateral relations. The third plenary session of the 20th CPC Central Committee will be held soon, and it will focus on further deepening reforms and advancing Chinese modernization, thus providing new opportunities for global economic development and China-Saudi Arabia cooperation. The PIF is welcome to continue expanding its investments in China,and share opportunities in China, so as to contribute to China-Saudi Arabia relations.  

Al-Rumayyan stated, in recent years, Saudi Arabia-China relations have maintained sound development, with bilateral trade volume growing and two-way investment expanding. The economies of Saudi Arabia and China are highly complementary, and both countries are currently promoting comprehensive reforms and modernization. The Saudi Arabian side is willing to strengthen the alignment of development strategies with the Chinese side and drive greater development in bilateral relations. Al-Rumayyan introduced the operations and investments of the PIF in China, saying that the PIF places great importance on cooperation with China. He expressed the willingness to continue strengthening cooperation with relevant Chinese departments and enterprises to achieve mutual benefit and win-win outcomes.