In a rare moment for Chinese diplomacy, Beijing used its good offices to broker an agreement between Iran and Saudi Arabia that should see the two warring West Asian nations re-establishing diplomatic relations and re-opening their embassies within two months. China’s top diplomat, Wang Yi, who is a signatory to the “joint trilateral statement”, said the agreement showed that Beijing was a “reliable mediator”. The joint trilateral statement itself said the accord was the consequence of a “noble initiative” by Chinese President Xi Jinping. The announcement, which came on March 10 after four days of talks between Chinese, Iranian and Saudi Arabian officials in Beijing, coincided with a session of China’s National People’s Congress that saw Xi being elected as President for an unprecedented third term. So, what does this agreement signal for Chinese diplomacy? A new confidence? The ability to play a game long dominated by the West? A showpiece that suggests China was now willing to play broker in other parts of the world?