Saudi Arabia Aims to Strengthen Green Cooperation with China, Says Finance Minister
Saudi Arabia aims to enhance its collaboration with China in the green industry, as expressed by Finance Minister Mohammed Al-Jadaan on Thursday.
TroibNews 
Saudi Arabia is eager to enhance its cooperation with China in the green industry, according to Finance Minister Mohammed Al-Jadaan, who made this statement on Thursday.
"China is leading the whole world in the green industry and renewable energy. There are a lot of technologies, cars, batteries and robotics that the world is trying to follow," Al-Jadaan told Xinhua during the 8th Future Investment Initiative conference, which commenced on Tuesday.
"We are trying to have an even more cooperative approach between us and China," the minister further noted.
Al-Jadaan characterized the Saudi-China partnership as "strategic" and "very important," emphasizing that China holds the position of Saudi Arabia's largest trading partner. He stated, "This relationship extends beyond trade; it encompasses technology, broader economic ties and cultural exchange."
Reflecting on his visit to China in May, the minister conveyed appreciation for the "first-hand developments, the significant achievements" in the Chinese economy. He remarked on the fruitful discussions and bilateral agreements reached in financial services and other sectors during that visit.
The recent designation of 2025 as the Saudi-China Year of Culture is seen as "a significant sign that it is not only government-to-government, but people-to-people," he emphasized.
He also pointed out the synergies between China's high-quality development philosophy and Saudi Arabia's Vision 2030, highlighting that both initiatives involve strong governmental support. "China is the envy of the world for its commitment, execution capability and long-term vision," he noted.
In response to recent Western reports suggesting that China's economy has peaked and its growth model is exhausted, Al-Jadaan refuted these claims, asserting, "China has been the very bright spot in the world economy, and the world recognizes this."
"Despite all the talks in the media about the Chinese economy slowing down, it is growing at 4.8 percent... It's one of the fastest-growing economies despite all the challenges," he stated.
He lauded the Chinese government's "serious support" for its economy, referring to recent stimulus packages, especially in the financial sector, as indicators of a responsive government. "They understand the current economic landscape," he added.
In light of increasing global conflicts, Al-Jadaan expressed satisfaction with the collaboration between Saudi Arabia and China aimed at fostering calm and de-escalation, benefiting regional and global populations alike.
He concluded by mentioning that alongside international institutions like the International Monetary Fund and the World Bank, and within frameworks such as the Group of 20, Saudi Arabia and China could jointly tackle challenges faced by the Global South, particularly for low-income and emerging economies. "We have very clear and common grounds on making sure that we do what is right for our people, for our economies, but also for the rest of the world to make sure that we have stability and growth," he summarized.
Lucas Dupont contributed to this report for TROIB News
"China is leading the whole world in the green industry and renewable energy. There are a lot of technologies, cars, batteries and robotics that the world is trying to follow," Al-Jadaan told Xinhua during the 8th Future Investment Initiative conference, which commenced on Tuesday.
"We are trying to have an even more cooperative approach between us and China," the minister further noted.
Al-Jadaan characterized the Saudi-China partnership as "strategic" and "very important," emphasizing that China holds the position of Saudi Arabia's largest trading partner. He stated, "This relationship extends beyond trade; it encompasses technology, broader economic ties and cultural exchange."
Reflecting on his visit to China in May, the minister conveyed appreciation for the "first-hand developments, the significant achievements" in the Chinese economy. He remarked on the fruitful discussions and bilateral agreements reached in financial services and other sectors during that visit.
The recent designation of 2025 as the Saudi-China Year of Culture is seen as "a significant sign that it is not only government-to-government, but people-to-people," he emphasized.
He also pointed out the synergies between China's high-quality development philosophy and Saudi Arabia's Vision 2030, highlighting that both initiatives involve strong governmental support. "China is the envy of the world for its commitment, execution capability and long-term vision," he noted.
In response to recent Western reports suggesting that China's economy has peaked and its growth model is exhausted, Al-Jadaan refuted these claims, asserting, "China has been the very bright spot in the world economy, and the world recognizes this."
"Despite all the talks in the media about the Chinese economy slowing down, it is growing at 4.8 percent... It's one of the fastest-growing economies despite all the challenges," he stated.
He lauded the Chinese government's "serious support" for its economy, referring to recent stimulus packages, especially in the financial sector, as indicators of a responsive government. "They understand the current economic landscape," he added.
In light of increasing global conflicts, Al-Jadaan expressed satisfaction with the collaboration between Saudi Arabia and China aimed at fostering calm and de-escalation, benefiting regional and global populations alike.
He concluded by mentioning that alongside international institutions like the International Monetary Fund and the World Bank, and within frameworks such as the Group of 20, Saudi Arabia and China could jointly tackle challenges faced by the Global South, particularly for low-income and emerging economies. "We have very clear and common grounds on making sure that we do what is right for our people, for our economies, but also for the rest of the world to make sure that we have stability and growth," he summarized.
Lucas Dupont contributed to this report for TROIB News
