China, Saudi Arabia to boost trade

Bilateral trade between China and Saudi-Arabia could "far exceed" the goal of $60 billion by 2015 and further strengthen trade ties with the Middle Eastern region, said experts yesterday.

During his recent trip to Saudi Arabia, the world's major oil exporter and also the largest oil supplier to China, Minister of Commerce Chen Deming said "both sides want to increase trade volume to $60 billion by 2015 after the target of $40 billion (for 2010) was reached ahead of time in 2008".