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Has China gained an edge on the US in the Gulf?

China has upped the ante, but the United States holds the winning hand; Oman weighs risks and benefits of Gulf bailout; will migrant workers return to GCC?

<<enter caption here>> on March 17, 2017 in Beijing, China.
Chinese Premier Li Keqiang (2R) meets with Saudi Arabia's King Salman bin Abdul-Aziz Al Saud (2nd-R) at the Great Hall of the People on March 17, 2017, in Beijing, China. — Lintao Zhang - Pool/Getty Images

This week brought more economic bad news for the Gulf Cooperation Council (GCC) countries. 

The International Monetary Fund (IMF) revised downward its forecasts for economic contraction this year as a result of both COVID-19 and declining oil prices, as we report here

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