![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]()
Beijing (UPI) Jan 25, 2006 China's foreign ministry offered few details Tuesday on agreements with Saudi King Abdullah during his first visit to the Chinese mainland, but relations seem poised for improvement. Agreements were signed on cooperation on oil, natural gas and minerals; education; economics, trade, investment and technology; taxation; and improvement projects, said Kong Quan, director-general and lead spokesman for the Foreign Ministry's Information Department. The spokesman was more circumspect about the details of the energy deal, however. "I have no knowledge on the details of the agreement or accord, but I believe that all the agreements reached will be very beneficial for future cooperation between the two countries," he said. The historic visit - this is the first visit by a Saudi Arabian king to China after the establishment of diplomatic ties between the two countries -- comes as Saudi Arabia is considering diversifying its export marker for oil. Abdullah's visit also takes him to India, which together with China, has an insatiable need for energy to feed its burgeoning economy. "I can only tell you that with no doubt Saudi Arabia is a very important oil producer and China is a country with fast economic development," Kong said. "There is huge potential for the two countries on economic cooperation. It will be beneficial for both sides to expand their cooperation in various fields based on principles the two sides signed." He said the two reached consensus on expanding their political cooperation and understanding in many other fields including science, technology and health, and others. State-run media said President Hu Jintao, in talks with Abdullah, gave four proposals for expanding bilateral ties: enhance mutual trust and bilateral political relations; strengthen energy cooperation to mutual benefit; expand economic and trade cooperation while exploiting their advantages; develop friendship and cultural exchanges. Asked if political issues such as terrorism came up, the spokesman said that "during talks with president Hu, a wide range of issues were covered, including bilateral ties, the four proposals made by Hu as well as regional and international issues." Kong said the focus of regional and international issues was the Middle East and the situation in the Gulf region. The spokesman said the December dialogue between the head of the National Development Reform Commission and OPEC was definitive. "On that specific occasion the two sides exchanged views on the energy market. This dialogue has also set the framework forms of cooperation between China and OPEC where many consensuses were reached," Kong said. He said there were some views exchanged in principle, but on the energy dialogue a very important signal was the agreement between China and OPEC in December stating China's commitment and efforts. When asked if either Saudi Arabia or OPEC had asked China for information about pricing reform in its energy sector, he replied: "My understanding is that crude oil pricing is not to be determined by OPEC or China unilaterally or bilaterally. "There is no doubt the fluctuation of oil prices will not be in the interest of any party whether a developing nation, industrialized country, or oil producers. All hope oil prices in international markets can be stabilized, something also in the interest of consumers." He added that China and OPEC had agreed that no matter what changes in the energy market, both sides would strengthen cooperation "to provide more business opportunities for enterprises to bring about a win-win solution."
Source: United Press International Community Email This Article Comment On This Article Related Links China News from SinoDaily.com
![]() ![]() London kicked off what were heralded as the largest Chinese New Year celebrations outside Asia Thursday, beginning a major festival of the country's artistic, cultural and culinary heritage. |
![]() |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |