China's foreign minister, Wang Yi (R), shakes hands with Saudi Arabia's foreign minister, Prince Faisal bin Farhan Al-Saud, before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023.

How significant is PIF's $50B China investment for Saudi ties?

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China's foreign minister, Wang Yi (R), shakes hands with Saudi Arabia's foreign minister, Prince Faisal bin Farhan Al-Saud, before a family photo for the attendees of a meeting of foreign ministers from Arab and Muslim-majority nations at the Diaoyutai State Guest House in Beijing on November 20, 2023.

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