Iran's President Hassan Rouhani (L) shakes hands with his Chinese counterpart Xi Jinping before the opening ceremony of the fourth Conference on Interaction and Confidence Building Measures in Asia (CICA) summit in Shanghai May 21, 2014.
Daniele Ermito, Global Risk Insight: Strengthening partnership between China and Iran
The reintegration of Iran in the world economy represents a critical opportunity for the strengthening of strategic ties between the Islamic Republic and the People’s Republic of China. Iran represents a vital partner for Beijing’s growing demand of energy and a remarkable bastion for the expansion of Chinese influence in the region.
The main pillar of the economic and strategic partnership between Iran and the China lies in Iran’s abundance of energy resources, an important asset for Beijing’s energy security strategy. The People’s Republic of China’s (PRC) demand for energy has risen dramatically in the last two decades, transforming the country from a net oil importer to the world’s second largest oil consumer.
Update: China is taking charge of a key element in Iran's nuclear deal -- Business insider/SCMP
WNU Editor: There is some truth to this report .... China wants the oil, and Iran wants what China manufactures.
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