To: TobagoJack who wrote (59098 ) 4/22/2006 10:15:49 AM From: shades Respond to of 110194 China's Hu Arrives In Saudi Arabia For Talks . RIYADH (AP)--Chinese President Hu Jintao began a three-day visit to Riyadh on Saturday during which he will hold meetings with top Saudi officials and sign several trade agreements that will further enhance burgeoning relations between the countries - especially oil. Hu, who flew in from the U.S., was expected to hold talks with King Abdullah and Crown Prince Sultan. Hu's trip to Saudi Arabia came three months after Abdullah's visit to China on his first overseas tour as king. During that visit, the first by a Saudi monarch since Saudi Arabia and China formed diplomatic relations in 1990, the countries signed an agreement on energy cooperation - covering trade in oil, natural gas and minerals. Four other agreements were signed, including one on economic, trade and technical cooperation, and another banning dual taxation. Hu's trip comes as Saudi Arabia is opening up to Asia's growing economic powers in a bid, analysts say, to find stable markets for its oil, step up its international diplomacy and show the West, particularly the U.S., that if relations worsen, the kingdom has other alternatives. Saudi newspapers, which are government guided, carried advertisements bought by Saudi companies welcoming the Chinese leader. Several said the trip would further strengthen relations between Saudi Arabia, the world's largest oil producer, and China, the world's No. 2 oil consumer. "The Custodian of the Two Holy Mosques and the Chinese president today consolidate relations between the two countries," said a headline in Al-Eqtisadiah, an economic newspaper. "For China, the kingdom is a strategic trade partner that can respond to China's need for sources of fuel that no other source can provide in terms of quantity and price," wrote Talal Bannan in Okaz daily. "On the other hand, China, with its technology, can cater to the needs of the Saudi market by providing it with quality products at competitive prices," he added. Chinese businessmen traveling with Hu are expected to hold meetings with their Saudi counterparts during the visit. "This will be a good opportunity for the two countries to strengthen bilateral trade to cater to the growing demand for Chinese and Saudi products ad services," Abdul Rahman al-Rashed, chairman of the Saudi Council of Chambers of Commerce and Industry, said, according to Arab News daily. China has been aggressively seeking to strengthen relationships with major oil suppliers as it grows more heavily reliant on oil imports. Saudi Arabia accounts for about 17% of China's imported oil. Total trade between the two countries - much of it Saudi oil bought by China - grew by 59% in the first 11 months of 2005 to $14 billion. (END) Dow Jones Newswires April 22, 2006 07:23 ET (11:23 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 07 23 AM EDT 04-22-06