Saudi ArabiaAsInternational EconomyA key link in the system has always played an important role. In the past,Saudi ArabiaRelations with the United States are allies, in the seventies of the twentieth centurySaudi ArabiaPromised to be inOilExports are settled in US dollars and are US dollarsInternationalThe foundation was laid for the establishment of hegemony. Recently, howeverSaudi ArabiaThe move to tilt toward China has once again attracted global attention. According to reportsSaudi ArabiaIt is deliberately tilting towards China and preparing for a large-scale influx of funds into the Chinese market, with an estimated amount of up to 4 trillion yuan. This move could not only affect the Middle East regionEconomypattern, or it could be rightInternational EconomyOrder has a subversive effect.
Saudi ArabiaThe tilt with China does not stop there. Recently,Saudi ArabiaA new cooperation agreement was signed with Russia, and China and Saudi Arabia also reached a 50 billion yuan swap treaty. Saudi ArabiaPublic Investment** also plans to set up a branch in China to look for more investment opportunities, and it is expected that the 4 trillion yuan of assets under management will likely flood the Chinese market. And during this period, the United States withSaudi ArabiaThe dark war between them is getting fiercer. The United States has repeatedly asked OPEC to increaseOilyield to keep downOil pricesControl of domestic inflation, however, OPEC has continued to cut production, resulting inOil pricesDecline. It seems that the United States has the upper hand, but in fact, the United States is attacking the east and the west, and the real purpose is inOil pricesExpand after the dropOilexports, to fill the gap in the market after OPEC's production cuts.
Saudi ArabiaIt is actively seeking to break free from the shackles of dollar hegemony. First of all,Saudi ArabiaJoined the BRICS organization, led by China. In bilateral areas such as finance and **Saudi ArabiaComprehensive cooperation with China has been carried out. Saudi ArabiaThe Chancellor of the Exchequer even refuted the US debt threat theory and strongly supported China. This action makes:Saudi ArabiaRelations with China are getting closer, and the dollar dependsOilThe settlement system is also getting closer and closer to collapsing.
Saudi ArabiaWhy such a move?On the one hand, RussiaThe conflict in UkraineLetSaudi ArabiaAware of potential crises that may exist in the future;On the other hand, the long-standing Palestinian-Israeli conflict has also allowed itSaudi ArabiaA clearer sense of the approaching crisis. back thenSaudi ArabiaPegging to the U.S. dollar makes it easier to exportSaudi ArabiaAnd because of this, it has gained great wealth, but now the dollar has becomeSaudi Arabiatrouble. The United States can influence by controlling the rise and fall of the dollarInternationalOriginalOil pricesgrid, especially in the United States becomesOilAfter the export of large countries,Saudi ArabiaAnxiety about one's position deepened. Therefore,Saudi ArabiaPlans to reduce pairsOildependence on photovoltaic power generation,Electric vehicles, lithium-ion batteries and other fields to cooperate with China to reduce the pairOilOver-reliance on resources.
Saudi ArabiaThe move of leaning towards China made me think deeply. NowadaysThe world economic landscapeIt is in the midst of a major change, with US hegemony being challenged and China's rise being challengedInternational EconomyOrder has had far-reaching consequences. Saudi ArabiaThe tilt shows that the balance of interests in the Middle East is fundamentally changing.
For China, this is a huge opportunity. China has been in photovoltaic power generation,Electric vehicles, lithium-ion batteries and other fields have a competitive advantage, withSaudi ArabiaThe cooperation will further promote China in the worldEconomyinfluence. At the same time, China will also face many challenges, such as how to deal with themOil pricesfluctuations、How toEnergytransformation and upgrading of the field. China should seize this opportunity to strengthen its relationship withSaudi Arabiacooperation, promoteEnergyinnovation and development in the field.
On the other hand, the hegemony of the United States is unshakable, but it is not invulnerable. The United States relied onOilThe settlement system is facing great challenges, and its alliesSaudi ArabiaThe U.S. turn is even more of a headache. This situation reminds us that any country is inInternationalRelationships should not be overly reliant on power, and should always seek diversified platforms for cooperation, and remain flexible and innovative.
All in allSaudi ArabiaThe move of leaning towards China attracted the attention of the world, foreshadowingThe world economic landscapeof change. The Middle East as wellInternational EconomyAn important part of the system, its actions will have a global impactEconomyOrder has far-reaching implications. As a rising power, China should seize this opportunity to strengthen its ties withSaudi Arabiacooperation, promoteEnergydevelopment and innovation in the field. At the same time, countries should remain flexible and innovativeInternational EconomySeek long-term interests and stable development in the change of pattern.