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America’s enemies are teaming up with each other.
 
05/06/2021
 

China Promises Iran $400 Billion in New Deal

America’s enemies are teaming up with each other.

BY MIHAILO S. ZEKIC

The Chinese and Iranian governments agreed on a monumental trade deal on March 27. The deal, organized by the Chinese and Iranian foreign ministers in Tehran, involves China investing $400 billion in Iran over 25 years. China would invest the money in everything from infrastructure to health care to banking. Iran’s end of the bargain is that they would export oil to China at a significant discount. The deal was first announced in 2016 with Chinese President Xi Jinping’s visit to Iran.

According to the Wall Street Journal, China would also invest in Iran’s nuclear infrastructure. Another component of the deal includes "transfer of military technology."

China is the world’s second-largest economy and has been trying to expand its influence through investing heavily in Third World countries. China also faces sanctions due to its genocide against the Uyghurs, its encroachment of Hong Kong autonomy, and its sponsorship of nuclear North Korea. Meanwhile, the United States has been trying to economically isolate Iran in order to snuff out Tehran’s controversial nuclear program.

So, the motives for Iran and China to trade with each other are clear. The enemy of their enemy is their friend.

 
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