China and Saudi Arabia should make full use of the opportunities
brought about by their development to continuously expand bilateral
economic and trade cooperation, a Chinese official said on
Monday.
Wu Chunhua, China's ambassador to Saudi Arabia, made the remarks
at a gathering of more than 100 Chinese and Saudi entrepreneurs
Monday at the Chinese embassy in Saudi Arabia.
Economic and trade cooperation has always been a bright spot in
Sino-Saudi cooperation, said Wu, adding that economic cooperation
between the two has surged and Saudi Arabia has been China's
biggest trading partner in Western Asia for many years.
China and Saudi Arabia have made rapid progress in cooperation
in the fields of energy, engineering and telecommunication,
according to Wu, who noted that cooperation between the two
countries is in the ascendant.
China and the Gulf region, spearheaded by Saudi Arabia, are
viewed as the most economically vigorous regions in the world, Wu
said. With their economies being highly complementary, the two
should further expand the scope of their economic and trade
cooperation for a win-win result, he said.
From January to October 2006, bilateral trade reached US$16.544
billion, 26.8 percent up from the same period of the previous year.
And trade for the total year was expected to exceed US$20
billion.
(Xinhua News Agency January 17, 2007)
