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.

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