The six nations of the Gulf Cooperation Council （GCC） have approximately 40percent of total proven oil reserves as well as 23 percent of the world＇s gas reserves. Although rising oil revenues have led to greater ou...The six nations of the Gulf Cooperation Council （GCC） have approximately 40percent of total proven oil reserves as well as 23 percent of the world＇s gas reserves. Although rising oil revenues have led to greater outward investment flows, there is also a growing need for significant expansion of the domestic energy sector＇s capacity. Meanwhile, China＇s sustained economic boom has resulted in China emerging as the world＇s second largest consumer and importer o foil, with close to 40percent of its import demand presently sourced from the GCC. This share will grow significantly in the future. Commercial relations between the GCC and China have to date been dominated by energy-related bilateral investment flows and China＇s oil imports. Although this will continue to be a central feature, trade and investment links in non-energy areas will further broaden and deepen the relationship. China ＇s relationship with the USA in terms of energy is also emerging as a major issue. Rather than being competitors, a mutual dependence on stable and secure supplies from the GCC highlights the need for a cooperative relationship.展开更多
China’s relationship with the Gulf Cooperation Council states is relatively young,however,both sides are making up for lost time.Some of the GCC states are leveraging their own domestic development strategy with Chin...China’s relationship with the Gulf Cooperation Council states is relatively young,however,both sides are making up for lost time.Some of the GCC states are leveraging their own domestic development strategy with China’s Belt and Road Initiative(BRI)as mechanisms to further cooperation.The BRI’s success hinges on cooperation with the GCC states to meet China’s energy needs and secure sea routes of the Arabian Peninsula that is vital for global trade.Following the 2011 Arab Upheavals,the GCC states are recalibrating their strategic outlook that is evolving the region’s traditional security architecture.The Gulf states are adamant in diversifying strategic partners,and have identified China as a potential candidate.However,as Beijing’s Middle Eastern engagement deepens,so too will its management of regional affairs.展开更多
文摘The six nations of the Gulf Cooperation Council （GCC） have approximately 40percent of total proven oil reserves as well as 23 percent of the world＇s gas reserves. Although rising oil revenues have led to greater outward investment flows, there is also a growing need for significant expansion of the domestic energy sector＇s capacity. Meanwhile, China＇s sustained economic boom has resulted in China emerging as the world＇s second largest consumer and importer o foil, with close to 40percent of its import demand presently sourced from the GCC. This share will grow significantly in the future. Commercial relations between the GCC and China have to date been dominated by energy-related bilateral investment flows and China＇s oil imports. Although this will continue to be a central feature, trade and investment links in non-energy areas will further broaden and deepen the relationship. China ＇s relationship with the USA in terms of energy is also emerging as a major issue. Rather than being competitors, a mutual dependence on stable and secure supplies from the GCC highlights the need for a cooperative relationship.
文摘China’s relationship with the Gulf Cooperation Council states is relatively young,however,both sides are making up for lost time.Some of the GCC states are leveraging their own domestic development strategy with China’s Belt and Road Initiative(BRI)as mechanisms to further cooperation.The BRI’s success hinges on cooperation with the GCC states to meet China’s energy needs and secure sea routes of the Arabian Peninsula that is vital for global trade.Following the 2011 Arab Upheavals,the GCC states are recalibrating their strategic outlook that is evolving the region’s traditional security architecture.The Gulf states are adamant in diversifying strategic partners,and have identified China as a potential candidate.However,as Beijing’s Middle Eastern engagement deepens,so too will its management of regional affairs.
