China-Saudi Arabia trade hits $71 billion

The two-way trade exchange between Saudi Arabia and China amounted to $71.3 billion in 2014, the kingdom’s finance minister reveals.

Most of Saudi Arabia’s exports to China are oil and petrochemicals, Saudi News Agency reports citing Saudi Minister of Finance, Ibrahim al-Assaf.

According to the minister there are 88 joint projects between Saudi Arabia and China with a capital of $537 million.

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