Saudi Aramco publicized a multibillion-dollar investment in China’s petrochemical industry. Saudi Arabia and its OPEC+ partners announced a cut to oil production to keep prices at current market level
Alongside the recent China-brokered agreement for Iran and Saudi Arabia to resume diplomatic ties, these developments typify an ongoing transition: America is stepping back, and China is stepping up in the Middle East.
First, China under Xi had completed its evolution from a regional to a global power.
Second, China would be a peacemaker, solving problems the United States would not or could not address.
Both messages amount to a play for leadership of the Global South, and are part and parcel of Xi’s effort to forge a new world order. Just a "Peaceful" thought.
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