China and Saudi Arabia will look to finalize about 20 deals that would result in about $29 billion in investments that would also expand Beijing's influence in the region.
A spokesperson for the U.S. State Department told FOX Business they would defer to China’s foreign ministry regarding details of the visit, to which a Chinese foreign ministry spokesperson provided no comment during a press conference Tuesday.
President Joe Biden, right, and Chinese President Xi Jinping shake hands before their meeting on the sidelines of the G-20 summit, Nov. 14, 2022, in Nusa Dua, Bali, Indonesia. The crown prince has focused on helping to diversify his kingdom’s economic interests as the world shifts away from oil and gas, with some countries already banning the production of gas-powered cars in the next 20 years.
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