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Why Saudi Arabia might not fulfil its US spending pledge, and the China factor (www.scmp.com)

submitted 1 month ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Saudi Arabia has pledged to boost investments in America to nearly US$1 trillion, but according to analysts Riyadh could struggle to meet that target. Rather, they said the pledge – announced when Crown Prince Mohammed bin Salman visited Washington last month – was more about the “political display” than a binding commitment. It was an increase to the US$600 billion that was promised in May, when US President Donald Trump visited Riyadh. The latest pledge comes as the rivalry intensifies between...

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