Xi Jinping’s recent trip to Riyadh, his first foreign visit to the Middle East since the pandemic, suggests that China may no longer seek to treat Iran and its Arab neighbours as equals.
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All tagged Xi Jinping
Xi Jinping’s recent trip to Riyadh, his first foreign visit to the Middle East since the pandemic, suggests that China may no longer seek to treat Iran and its Arab neighbours as equals.
If the SCO is to mature as an organisation and make good on its vision of connectivity, it must also serve as a platform for conflict resolution.
Members of the China-led Shanghai Cooperation Organisation will meet later this week in Samarkand. But the assembled leaders may struggle to find common ground in the face of regional and global crises.
Leaders in the United Arab Emirates are eyeing an economic windfall should the Biden administration succeed in its effort to return to Iran nuclear deal. But they have not waited for the lifting of sanctions to begin earning billions from Iran.
Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.
The contents of an email shared with Bourse & Bazaar by an official at Iran’s communications ministry suggest that China’s Bank of Kunlun is weighing whether to cease processing Iran-related payments. There is growing concern in Tehran that China may be planning to downgrade its trade relationship with Iran.
◢ A recent report from the London-based publication Petroleum Economist offers a cautionary tale of “fake news.” The claim that China will extend a $400 billion credit line to Iran is poorly sourced and inconsistent with both recent trends in China-Iran trade and the scope of China’s Belt and Road Initiative.
◢ Last week, Iran’s economic minister was in Beijing for talks on bilateral trade and investment. An official readout of the discussions from China’s commerce ministry describes China and Iran as “comprehensive strategic partners.” Unfortunately for Iran, the data tells a different story from the official rhetoric.
