China's Limited Ties with Iran
The article clarifies that China does not heavily depend on Iranian oil, as it accounts for about 90% of Iran's oil exports, but Iran represents less than 1% of China's global trade. Despite the significance of Iranian oil for China, the imported quantities make up roughly 10% of its maritime oil imports, providing Beijing with flexibility to diversify its sources. Regarding investments, while colossal agreements have been announced and expectations of capital reaching up to $400 billion, actual investments currently amount to only 2-3 billion dollars, with China investing billions more in Saudi Arabia and the UAE. The relationship between the two countries is driven by economic and strategic interests, with a significant variation in reliance: Iran depends on the Chinese market more than China depends on Iran. This provides Beijing with greater bargaining power and strategic advantage. The figures indicate that Beijing prefers maintaining multiple relationships with regional powers rather than forming an exclusive alliance with Iran.
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