Iran looks wearily to China for help as US sanctions resume

Tehran – It's hard not to see China wherever you look in Iran. From Chinese goods flooding markets to its business people eager for deals as Western business interests flee, Iran likely will further embrace Beijing as an alternative market for its crude oil and financial transactions amid uncertainty over the nuclear deal.

That doesn't mean China offers a safe haven to Iran without conditions. Beijing will try to extract the maximum benefit, analysts say, and there is growing concern that China may take advantage of Iran.

Trade and ties between China and Iran date back over 2,000 years to the ancient Silk Road caravan routes that brought the textile to Europe.

Modern relations began under then-ruler Mohammad Reza Shah in 1971 after the Americans acknowledged Beijing's Communist government. The 1979 Islamic Revolution that overthrew the shah caused ties to cool until the mid-1980s.

"Monitoring Desk"

Leave a Reply

RELATED POSTS

244
Youth being equipped with modern skills to avail CPEC benefits: CM Khan
Pakistan, Iran must exploit regional trade corridors
USCS leads Pakistani delegation to solar power trade show
MoU signed to promote use of renewable energy
China set up power projects under PPA: Ahsan Iqbal
Pakistan stresses regional connectivity projects in ECO region
Pakistan has tremendous hydropower potential of over 60,000 MW
Pakistan to engage US, China at same time, values relations with both: Qureshi
Cairo hosts trade summit to celebrate 70 years of Pakistan-Egypt diplomatic ties
Saudi Delegation to visit Pakistan in October, investments on agenda
Pakistan steps forward in astronomy and space sciences
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
Openness of transport infrastructure, provision of utilities and mortgage financing a boom for construction
China supports Pakistan thru dev projects in multiple avenues: Yao Jing
PTI prioritizes completing CPEC projects : Murad Saeed

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us