China Crisis Would Threaten Saudi Economy
Perhaps the greatest threat to the Saudi economy over the coming year comes from events almost half way round the world in China. China has, over the past 10 years, become the dominant market for Saudi crude – Chinese imports of Saudi crude of 1.2mn b/d for the first four months this year are almost three times their 2006 volumes (MEES, 19 April). The Chinese and Saudi economies have thus become intertwined to an...
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