East and West are vying for more than $700 billion worth of business as Saudi Arabia transforms itself from one of the world's biggest oil producers into an industrial and intellectual powerhouse.
The Saudi business community expects US firms to take up a sizeable number of these investment opportunities. American corporations are still positioned as the number one investor in the kingdom.
As part of a stratetic development of its economic policy, the kingdom is paying increasing attention to the huge development markets of Asia. China and Japan are already the kingdom's largest export markets for oil and oil products and eastward trade is certain to increase as the Chinese and Indian economies continue to expand.
President Hu is now visiting Japan with good relations with India as a neighbor. Here we can detect the Sino-American Economics if we are watching competition of resources in the 21st century.
Francis Shieh a.k.a. Xie Shihao,a research student to watch economic competition working in the East and the West for the wellbeing of humankind. May 8, 2008
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