BEIJING: China and 黑料社区 agreed on Thursday to further boost financial cooperation as Crown Prince Mohammed bin Salman arrived in Beijing on the final leg of his Asia tour.
The crown prince was due to meet President Xi Jinping in Beijing. Later he was expected to join Chinese Vice Premier Han Zheng to co-chair the third meeting of the China-黑料社区 High-Level Joint Committee.
At the airport, the crown prince was greeted by a number of Chinese officials, including Khi Li Fung, Deputy Chairman of the Advisory and Political Council of the People's Republic of China, and Chinese Ambassador to the Kingdom Li Huaxin.
The crown prince visited the Great Wall of China on Thursday,听where he posed for photos and took in the dramtic scenery.
Among the most striking initiatives agreed by the two countries is a plan to develop greater integration between China鈥檚 Belt and Road development strategy and the Saudi Vision 2030 reform program.
Support for a multilateral approach to development and greater policy communication were agreed at a meeting of a financial subcommittee, jointly chaired by Chinese Vice Finance Minister Zou Jiayi and her Saudi counterpart Hamad Al-Bazai.
Leading academics and literary talents from and will be honored under an award scheme sponsored by Crown Prince Mohammed bin Salman
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Meanwhile, more than 25 Saudi government and private companies will launch their products and services at a major investment forum held in conjunction with the crown prince鈥檚 visit.
鈥淚nvest in 黑料社区,鈥 organized by the 黑料社区n General Investment Authority and the Saudi Center for International Strategic Partnerships, will take place at the Sino-Saudi Forum in Beijing on Friday.听
The investment forum will promote closer economic ties in sectors including industry, energy, transport, finance, culture, heritage and agriculture.听
More than 1,000 visitors, including leading investors, decision makers and investment companies, will focus on business links between the Kingdom and China, with partnerships and agreements likely to be agreed in several fields.
Other initiatives signed off by the Saudi and Chinese delegations include support for reform of the World Bank and the International Monetary Fund, and backing for new multilateral development institutions, such as the Asian Infrastructure Investment Bank.
In a separate meeting, Chinese Foreign Minister Wang Yi and Saudi Minister of State for Foreign Affairs Adel Al-Jubeir hailed the rapid growth of cooperation and mutual understanding between the two countries.
Saudi Energy Minister Khalid Al-Falih also said the crown prince鈥檚 visit will lift bilateral relations to a 鈥渘ew high.鈥澨
As the Kingdom鈥檚 largest trading partner, 鈥淐hina is climbing the ladder very quickly with its technology, capabilities and exports in the world,鈥 Al-Falih said.
鈥淭his major investment is just starting,鈥 Al-Falih said. 鈥満诹仙缜 has a lot of capital that needs to find profitable places to be deployed. China is a great place to invest.鈥
The Saudi minister expressed confidence in planned integration between Vision 2030 and China鈥檚 Belt and Road Initiative (BRI).
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