As US leader begins high-stakes regional trip, Gulf states may hedge bets through further economic, currency collaboration with Beijing, analysts say
China’s rising Mideast engagement looms as Trump seeks investment, security deals
New trade and investment agreements are expected to be the focus of attention as US President Donald Trump holds talks in Saudi Arabia on Tuesday at the start of a high-stakes, three-nation tour of the Gulf region that analysts warn could also test economic relations between the Gulf states and China.
Washington has sought to counter Beijing’s growing economic footprint in the region, particularly on the internationalisation of the yuan.
But, analysts say, China’s economic leverage and political ties, which have deepened since a China-Gulf Cooperation Council summit in Riyadh in 2022, could benefit the US by helping to stabilise the region, particularly in relation to Iran.
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