China has shared valuable development experience with emerging economies and continues to play an important role in supporting their growth, Saudi Finance Minister Mohammed Al Jadaan said ahead of the AlUla Conference for Emerging Market Economies.
Speaking in an interview with Chinese official news agency on the sidelines of the two day conference, Al Jadaan highlighted that emerging economies could benefit from China’s experience in economic and financial development as nations confront multiple global economic shocks, including trade tensions, geopolitical risks and inflation.
The conference held under the theme “Policies Amid a Reset of the International Trade and Financial Systems” provided a platform for policymakers to discuss common challenges and opportunities in a shifting global economy. Al Jadaan underscored the importance of reforms, stronger education systems and investment in human capital for long term growth.
On China’s global role, the Saudi minister praised Beijing’s Belt and Road Initiative, saying it has delivered tangible economic and social benefits to many emerging and low income countries and has positioned China as a key source of development expertise.
Al Jadaan also noted that China and Saudi Arabia have deep and expanding economic ties, with China serving as Saudi Arabia’s largest trading partner and a major source of investment, and he expressed optimism that cooperation between the two countries could serve as a model for partnerships among other emerging economies.
