Issue Analysis: Has the China -Saudi Oil Relations Impacted on the Economy of both Countries?
Summary
China has an exceedingly high population, standing at over 1.3 billion people, and this has led to a huge demand of oil for energy production in the country to serve this exceedingly high population. The huge size of the Chinese economy, the second economy in the world in terms of size at the moment, requires billions of barrels of oil to fire it (Al-Tamimi, 2012). The IMF, in 2012 projected that China will become the largest economy in the world by the year 2017, at the earliest opportunity. Saudi Arabia has extensive oil wells harboring billions of barrels of ...
