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The increase of the Arab international and China are a part of an analogous tale, as soon as buying and selling companions through the Silk highway. It isn’t a accident that Arab investors have again to China even as that China is quickly regaining its percentage of the worldwide economic climate. This is a step forward account of ways China is spurring progress within the Arab global.

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Extra info for The New Silk Road: How a Rising Arab World is Turning Away from the West and Rediscovering China

Example text

19 China had signed a number of agreements with Saddam Hussein’s regime in the 1990s, including an agreement about the Al Ahdab field in southern Iraq. But the new Iraqi government effectively put these agreements on hold while rewriting its oil laws. 21 Saudi Arabia ranks number one. It also has good reason to want a stronger relationship with China. Saudi Arabia is worried 33 34 The New Silk Road by its near seventy-year dependence on America. It was American oil firms, such as the Standard Oil Company of California, which financed the early expansion of Saudi oil production after oil was discovered in the 1930s.

These activities are widely documented by the Western media. It is easy to observe and participate in these activities from the security of our own home. Not so the changes taking place in the Arab world and China. These are changes that need to be observed first hand, whether in the exhibition halls of Yiwu or old markets in Damascus. But collaboration between an Arab and Chinese trader is potentially no different from the collaboration between two friends who met on Facebook. Indeed, their collaboration is already felt in the rising volumes of goods and money flowing between the Arab world and China.

No doubt Central Asia will remain a strategic oil supplier for China, but it will struggle to play a more major role. 53 This is comforting to defense officials in Beijing. It means China is better shielded from the type of oil blockade that impaired Japan during World War II. But China’s factories 43 44 The New Silk Road would still grind to a halt in the event oil shipments were disrupted for an extended period of time. Moreover, China must navigate nationalist sentiment in Central Asia and a complicated historical relationship.

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