2017
DOI: 10.1080/25765949.2017.12023306
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China-Gulf Economic Relationship under the “Belt and Road” Initiative

Abstract: In recent years, the trade volume between China and six GCC countries has risen substantially, and with these commercial relations, China has become a major economic partner for the GCC. This article analyzes the economics of China-GCC economic interdependence. It begins with an analysis of the features of the political economic relationship, focusing on energy, trade, investment, and infrastructure and construction projects. It then discusses the process of formalizing these relationships through the ongoing … Show more

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Cited by 23 publications
(15 citation statements)
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“…During this meeting the two sides laid out a 3‐year action plan targeting several ambitious cooperation initiatives, including the completion of the FTA. During Xi's 2016 state visit to Riyadh he emphasized China's desire to see a completed agreement in 2017, and a round of four talks were held throughout the year (Qian & Fulton, 2017, pp. 16–17).…”
Section: Bri Cooperation Priorities As a Framework For Bilateral Relamentioning
confidence: 99%
“…During this meeting the two sides laid out a 3‐year action plan targeting several ambitious cooperation initiatives, including the completion of the FTA. During Xi's 2016 state visit to Riyadh he emphasized China's desire to see a completed agreement in 2017, and a round of four talks were held throughout the year (Qian & Fulton, 2017, pp. 16–17).…”
Section: Bri Cooperation Priorities As a Framework For Bilateral Relamentioning
confidence: 99%
“…First discussed in 2004 under the umbrella of an Economy, Trade, Investment, and Technology Cooperation Framework Agreement, the FTA negotiations have been characterised by bursts of activity followed by long periods of dormancy. 25 During Xi's 2016 state visit the FTA was given new momentum, followed by four rounds of talks that year. 26 However, the ongoing dispute between Saudi Arabia, the UAE, Bahrain, and Egypt and Qatar make negotiating a multilateral agreement through the GCC impossible until there is a resolution.…”
Section: The Two Wingsmentioning
confidence: 99%
“…To be more precise, China has resorted to strategic partnerships instead of broad alliances. It is believed that “whereas alliances can potentially expose states to a high degree of risk, partnerships are perceived as more interest‐driven and flexible relations; the partnership denotes a shared commitment to managing unavoidable conflicts so that they could continue to work together on vital areas of common interest” (Goldstein, ; Qian & Fulton, ).…”
Section: The Bri In Central Asia and The Middle Eastmentioning
confidence: 99%
“…While a number of regional organizations exist in the Middle East, their inability to deal with regional conflicts or to build consensus among member states has led China to see them merely as a vehicle to pursue bilateral cooperation (Qian & Fulton, ). The Gulf Cooperation Council (GCC), established in 1981, is an example.…”
Section: The Bri In Central Asia and The Middle Eastmentioning
confidence: 99%