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China and the GCC have established a strategic dialogue mechanism, under which three rounds of talks have been held to date.

The two sides will promote a steady development of bilateral trade, strengthen financial cooperation, support the construction of an international financial center in Astana, the joint communique said.

This is the first state visit by a Chinese head of state to Saudi Arabia in seven years. Xi will also travel to Egypt and Iran on his first overseas visit this year that lasts from Jan. 19 to 23.

Xi said that the Chinese government has decided to pledge 50 million RMB (7.53 million U.S. dollars) to help improve the livelihood of the Palestinians and 230 million RMB (about 35 million dollars) for Syria, Jordan, Lebanon, Libya and Yemen as humanitarian assistance.

The president also said the two countries have enjoyed fruitful achievements in cooperation in various fields that have advanced development of the two nations as well as peace and development of the whole world, injecting positive energy into the construction of new-type international relations featuring cooperation and win-win situation.