Saudi Arabia Investment In Cpec

China on Monday reacted guardedly to Saudi Arabia's plan to invest in Pakistan, saying it is a "positive factor" if any other party would like to contribute to promote the inter-connectivity and prosperity of the region on the basis of consultation.

In a U-turn, Pakistan has announced that its close ally Saudi Arabia would not join the over-$50 billion so-called 'China-Pakistan Economic Corridor' or 'CPEC', days after Islamabad said Riyadh will be the third "strategic partner" of China's flagship Belt and Road Initiative project.

China on Monday reacted guardedly to Saudi Arabia's plan to invest in Pakistan, saying it is a "positive factor" if any other party would like to contribute to promote the inter-connectivity and prosperity of the region on the basis of consultation.

In a U-turn, Pakistan has announced that its close ally Saudi Arabia would not join the over-$50 billion so-called 'China-Pakistan Economic Corridor' or 'CPEC', days after Islamabad said Riyadh will be the third "strategic partner" of China's flagship Belt and Road Initiative project.