NOURNEWS - The German newspaper "Tag Spiegel" in a report referring to China's growing proximity to Iran and the questioning of US sanctions against Tehran in this situation wrote: The Iranian government believes that it has found a way to neutralize US sanctions.
Referring to the draft strategic agreement between Iran and China, the German newspaper wrote: Tehran has a fundamental agreement with China in the plan that will bring $ 400 billion Chinese investment to the Islamic Republic of Iran over the next 25 years. As the world's largest oil importer, China will be provided affordable crude oil.
"This agreement is a major setback for US efforts to bring Iran's economy to its knees," Tag Spiegel said.
The newspaper also wrote that China has been trying to expand its role in the Middle East for a long time, including the need for Beijing to ensure that it meets its oil needs and, on the other hand, its economic and political influence expands in this part of the world (Middle East) where the world superpower (America) is increasingly withdrawing.
New markets are opening up in China as part of a major project called the New Silk Road. In 2018 alone, China pledged loans worth about $ 20 billion to Middle Eastern countries.
Five of the 10 most successful tech companies in the Middle East are Chinese, according to a recent report by the Middle East Institute in the United States.
According to the Tags Spiegel newspaper, the draft strategic agreement between Iran and China overshadows all of Beijing's current actions in the Middle East. According to the Iranian Foreign Minister, the idea was raised about 4 years ago during the Chinese president's visit to Iran.
According to media reports, the deal is almost ready and about 100 joint projects are defined in this contract.
According to the New York Times, these projects include infrastructure projects such as airports, high-speed rail, subway rail connections, and the creation of a fifth-generation Internet network. These investments can guarantee Iran's economic development over the next two and a half decades.
China mainly needs Middle Eastern oil to meet its needs. It is the world's largest importer of crude oil.
The Islamic Republic of Iran is the fourth largest holder of oil resources in the world. China is striving not only for good relations with Iran but also with other countries in the region.
NOURNEWS