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Beijing’s axis of oil
HOME > PAST ISSUE > PERSPECTIVE [Premium content]June 2007
Energy needs have sent China on a hearts and minds mission into the Middle East. The Arab world has responded with piles of investment
It is not difficult to find examples of China's growing ties with the Middle East. Although Beijing's primary focus in the region concerns access to oil and gas, the resulting increase in foreign direct investment and trade between the two regions is redefining geopolitics.
China obtains 50% of its imported oil and gas from the Middle East. Iran and Saudi Arabia alone account for over 30% of the oil portion of this. In return, the Gulf States have been sinking more and more of their ...
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