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Analysts said Saudi Arabia and China have arrived at a comprehensive strategic partnership and SABIC is expected to play a key role in the promotion of Saudi-China economic exchanges.

And the result: The collapse of prices for West Texas Intermediate crude, the US benchmark, which suggests that investors see no immediate economic turnaround in oil despite a slight rebound Tuesday.

Analysts say CAT's Asia-Pacific sales figures reflect demand for machines headed to BRI projects, as contractors buy most of their equipment in China to take advantage of the initiative's tax rebates.

Analysts said multiple factors could limit government plans to boost economic growth, such as if there are difficulties aggressively lifting the fiscal deficit.

An online product launch and agency services will also be introduced at the expo as corporations and artists from more than 20 countries will not be able to attend the expo due to the pandemic.