Saudi king brings his Vision 2030 to China

It's one of the most ambitious economic transformation plans unveiled by any country.

Saudi Arabia's Vision 2030, announced less than a year ago, is a multitrillion-dollar blueprint to reduce its dependence on oil, and turn the kingdom into a global investment powerhouse.

At the heart of the initiative is the creation of the world's largest sovereign wealth fund worth more than $2 trillion, dwarfing Norway's $850 billion pension fund. The plan also calls for the sale of 5 percent of Saudi Aramco through an IPO next year, and transform the oil behemoth into an industrial conglomerate.