Why China Will Not Help In Levying Sanctions Against Iran And Other Countries

Chinese President Hu Jintao (L) meets with U.S. President Barack Obama in Washington April 12, 2010. President Hu Jintao arrived in Washington on Monday to attend the Nuclear Security Summit slated for April 12-13. (Xinhua/Li Xueren)

Chinese Firms Boost Nuclear Threats: Proliferation Aids Terrorists -- Washington Times

Unchecked proliferation by Chinese firms has undermined a global effort to keep nuclear and missile technology out of the hands of terrorists.

The transfer of such technology to countries such as Pakistan and Iran, which are considered vulnerable to an attack by terrorists or rogue insiders, is the cause of much anxiety in the international community. Kicking off the Nuclear Security Summit in Washington this week, President Obama described nuclear terrorism as the "single biggest threat to U.S. security."

Read more ....

My Comment: Bottom line .... it is all about the money and international alliances. But what makes this entire episode in international relations frustrating, is that much of the technology that China has acquired over the years has come from us, and it is this tech that is now being transferred to countries like Iran, Pakistan, and others.

I know that President Obama feels confident that China will help in imposing and enforcing sanctions against Iran .... but as the Washington Times article clearly points out, China's business relationship with Iran operates on numerous and divergent levels, and the monies involved are huge.

How huge is China's investment in Iran, the following EIN News Report summarizes it perfectly .....

If China were to fall in line and sanction Iran, it would mean a loss of 10 to 12% of its oil imports, the aborting of some $80 billion in development projects and the sacrifice of hundreds of billions of dollars worth of oil, which the Chinese have locked in futures contracts, DawnNews reports.

China has already made a decision on how to work with Iran, and they are putting their money on the line in developing future projects and trade. As to what the sanction sponsoring countries want .... the Chinese are only giving vague commitments and promises.

It is not hard to see where this is all going.