The Chinese tech giant s Huawei Cloud Riyadh office, which was announced Monday at the Huawei Cloud Summit Arabia 2023, will focus on serving consumers across the Middle East, Central Asia and Africa.
On this episode of Fault Lines, host Jamarl Thomas discussed a wide range of domestic and international topics, including the Taiwanese president s visit to the United States amid tensions with China.
SAUDI ARABIA’S GEOPOLITICAL SHIFT: Beijing, especially modern China, has always sought to befriend the Arabs through respectful gestures and diplomatic and trade missions. Even when Saudi Arabia refused to accept China as a country in 1975, it continued friendly efforts and eventually established diplomatic relations in the late 1990s.
China’s plan to expand use of its currency for oil trading with six Middle Eastern countries will elevate use of the yuan in global commerce, but it will not unseat the petrodollar or make major gains outside energy markets.