China – Iran …

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

MOTHER of All DEALS

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.