Research On China-Saudi Arabia Trade

With the first visit of Salman,the King of Saudi,to China on March 15,2017,the economic and trade cooperation between China and Saudi Arabia has been pushed back up to a new stage.The further connection by Saudi Arabia's Vision 2030 and its economic transformation plan and China's strategy of One Belt One Road will bring broader market to both sides.How to secure,open up new markets and win new profits in Saudi Arabia become critical important for Chinese enterprises.First,this paper analyses the trade volume trajectory,current situation and characteristics of the China-Saudi trade,and highlights the typical problem,that is the lacking of competitiveness of Chinese corporations and their products in the China-Saudi trade.And then,it focuses on the competitiveness of Chinese corporations and their products,analyzing positive and negative influences,which are opportunities and challenges that Chinese corporations is facing with in Saudi Arabia.The study of influences covers factors from politics,legal,economy,society,environment,and etc.At last,suggestions and countermeasures are given to the government and corporations respectively according to above opportunities and challenges.The paper argues that there is a broad prospect in China-Saudi Arabia economic trade and will be the deeper development in economic cooperation and Chinese corporations and products will surely achieve more success in the market of Saudi Arabia.Faced with problems and shortcomings as well as potential difficulties and challenges,the Chinese government and corporations need to seize the opportunity,on the one hand,to draw on the advantages and avoid disadvantages and build a more solid foundation to benefit a win-win and practical economic cooperation in the China-Saudi friendship,and on the other hand,to foster strengths and circumvent weaknesses and strengthen the internal work by enhancing product and corporation core competitiveness.To develop and solid China's market position and cooperative relations in Saudi Arabia helps Saudi's economic transition and contributes China's strategy of One belt And One Road.