China's growing economic ties with the Gulf States

China's economic ties with the Gulf States have undergone
significant changes in recent years. Although historically there
was little interaction between China and the Middle East, the
past decade has seen a transformative shift with far-reaching
implications for trade, business and politics. 

According to the IMF, trade between China and the Gulf countries
has doubled from approximately $90 billion to $180 billion
between 2010 and 2021. Additionally, the Gulf region has become a
significant recipient of China's Belt and Road Initiative (BRI)
funding.

In this episode of The Sound of Economics, Giuseppe Porcaro sits
down with Karen E. Young and Alicia García-Herrero to discuss the
growing economic relations between China and the Gulf States.
They mention the changing dynamics of trade, investment, currency
as well as potential political alliance shifts in the region.
They also discuss the changing dynamics of foreign policy with a
stronger focus on energy security, leaving an opportunity of
leverage for the Gulf States.