The promise of Chinese investment brings Iran in from the cold
Dr Massoumeh Torfeh, Research Associate at Centre for Global Media and Communications, explores a major new development in Iran-China relationship in a new article. She writes,
“A Chinese investment pledge to the tune of a whopping $400 billion puts a wrench in American plans to isolate Iran – but what will it cost Iran?
While the United States Administration wrestles with exerting “maximum pressure” on Iran, and the European signatories of the Joint Comprehensive Plan of Action (JCPOA) are trying to salvage the nuclear deal, China has decided to incorporate Iran into its Belt and Road Initiative (BRI) with pledged investments totaling some $400 billion.
This is a major shift not only in terms of economic support for Iran but also in challenging the present global balance of power and the geopolitics of the Middle East.”
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