23rd December 2022


China tightens ties with Gulf

China has tightened its relationship with the Gulf Cooperation Council. 

This month, Chinese President Xi Jinping met with the Gulf Cooperation Council to talk trade, investment and political ties. The Gulf Cooperation Council is a group composed of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. 

This relationship is mutually beneficial as Gulf countries are keen to import manufactured goods from China such as textiles, electrical products and cars, and China has an increasing need for oil, as it is expected to import 17 million barrels a day by 2040. 

Gulf economies are also blooming as the expected growth rate in 2022 is 5.9% and are an attractive option for China's export focused economy.