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Welcome to our live discussion on the recent shift of Saudi Arabia towards the east, specifically China. This is no longer a possibility, but a reality! According to reports, The Ministry of Investment of Saudi Arabia has signed a number of agreements with Chinese companies worth a total of $10 billion.
So, why is Saudi Arabia shifting Eastward?
The first reason is economic diversification. With the decline of oil revenues, Saudi Arabia is looking for new markets and industries to invest in and trade with. This is where China comes in, as the world's second-largest economy, capable of providing many opportunities in multiple sectors.
Moreover, the One Belt One Road initiative is a significant factor for both China and Saudi Arabia. This initiative involves infrastructure development, such as ports and railroads, which could benefit trade between the two countries.
Finally, historically, China has always been a steadfast ally and major trading partner of Saudi Arabia, and now as China's economy continues to grow, the attraction between the two becomes even stronger.
In conclusion, we can see that Saudi Arabia's Eastward Shift is now a reality, and it is directly related to economic diversification, the One Belt One Road initiative, and the strong relationship between the two countries. The impact of this shift on the global economic trajectory will certainly be interesting and something to follow closely.
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