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China in West Asia

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March 24, 2017

Why in news?

Beijing hosted the leaders of Saudi Arabia and Israel, in consecutive weeks.

What happened during the meet?

  • China and Saudi Arabia announced an investment cooperation deal worth $65 billion that will boost partnerships in fields such as energy, finance and aerospace.
  • Chinese President and Israeli PM vowed to strengthen cooperation in the technology and agriculture sectors.
  • Mr. Xi said peaceful coexistence between Israel and Palestine would be good for both parties and the region.
  • The Chinese have also urged Saudi Arabia and Israel to work together to attain peace.
  • China has also shown interest in the region beyond the economic sphere.
  • It is one of the supporters of the Bashar al-Assad regime in civil war-stricken Syria.
  • In the UN Security Council, China has consistently vetoed U.S.-backed resolutions on Syria,.
  • At the same time it offered to broker peace between rival factions.
  • China has also recognised Palestine as a state and offered support for the Palestinians

What is the significance?

  • It signals the growing enthusiasm of China to deepen ties with the region.
  • China is interested because over the years China has built strong economic ties with countries in West Asia.
  • It is one of the top buyers of oil from Saudi Arabia and a key trading partner of Israel.
  • For Iran, Beijing remained a trusted ally even during the time of sanctions.
  • China’s economic ties with West Asia assumed greater significance after the induction of One Belt, One Road initiative.
  • West Asia plays a major role in this Silk Road revival plan.
  • These moves indicate China is ready to end its strategic reluctance in dealing with West Asia and to adopt a gradualist proactive policy that suits its profile as a fast-rising global power.

 

Source: The Hindu

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