China – Iran …

Posted on August 2, 2020. Filed under: Uncategorized |


In a recent development in July 2020, Iran-China inked a $400 billion deal. This is a 25-year pact:

  • Iran doesn’t gain much from the deal, other than immediate relief from the American sanctions.
  • Which would get China a considerable bargain on the Iranian oil.
  • China will invest $400 billion in the Islamic nation over a period of 25 years.
  • China will invest $280 billion in oil, gas, and petrochemicals.
  • China will invest $120bn in transport and manufacturing, within the first five years.
  • The deal would expand economic development in 100 odd diverse fields, including banking and infrastructure, such as airports, high-speed railways, subways, and 5G telecommunications(this would give Iran, China-style censorship of the internet).
  • Iran-China set up an industrial town in the southern port city of Jask, to establish and develop different industries, including petrochemical, refinery, aluminum, and steel industries.
  • China will get priority to bid on any new project in Iran that is linked to these sectors.
  • China will get a 12 percent discount and it can delay payments by up to two years.
  • China will be able to pay in any currency it desires.
  • China will receive total discounts of nearly 32 percent.
  • 5,000 Chinese military personnel to be stationed in the country to protect their interests and the Chinese air force would be given access to Iranian bases.

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: