In the lead-up to the Sept. 4-5 G-20 summit in which Saudi Arabia will participate, Deputy Crown Prince and head of the Council for Economic and Development Affairs Mohammed bin Salman arrived in China Aug. 29 for an official two-day visit. His trip came at the invitation of Vice Premier of the People's Republic of China Zhang Gaoli for the purpose of promoting economic integration and trade exchange, which reached $51 billion between the two countries in 2015.
Chinese Ambassador to Saudi Arabia Li Huaxin reiterated on Aug. 29 China’s interest in Salman’s visit and in supporting the kingdom’s Vision 2030, a plan prepared by the consulting firm McKinsey & Company that calls for nonoil investment expansion. During the visit, 15 agreements were signed in the sectors of energy, oil storage, minerals and housing.
