BIDEN WAS SHOCKED! Saudi Arabia Rejects US Demand, Send $70 Billion in Project Orders To China
#china #chinanews #saudi #usa #oil
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In order to promote energy transformation, Saudi Arabia planned to invest US$70 billion in developing nuclear power plant projects and chose to cooperate with the United States.
However, during the cooperation process, the United States proposed some additional conditions to Saudi Arabia, including prohibiting Saudi Arabia from using RMB for settlement in oil trade and prohibiting the use of China’s Huawei’s 5G communication technology.
As China is one of the world’s largest traders of goods, it has been promoting the internationalization of the renminbi in recent years. The purpose of these special requests by the United States is mainly to weaken the international status of the RMB and reduce China’s influence in the Middle East.
Faced with these overly demanding requirements, Saudi Arabia will naturally not directly agree to the United States, but will re-examine new partners. However, at the most critical moment, Saudi Arabia successfully joined the BRICS organization and became an important member of it.
In order to express its willingness to cooperate with Eastern countries, Saudi Arabia is considering handing over a nuclear power project originally worth US$70 billion to China. In this context, does Saudi Arabia use China as a bargaining chip in negotiations with the United States, or does it sincerely hope to cooperate with China?
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