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China and Iran: Why Is Tehran a Secondary Partner
The article explains that the economic relations between China and Iran are less deep than political rhetoric suggests. Beijing considers Tehran a low-cost tool for alleviating pressure from U.S. sanctions rather than a major strategic partner. China relies on Iranian oil imports for up to 90%, while Chinese exports to Iran account for only about 0.2% of its total exports, with Iran relying on Chinese oil for nearly 12% of its oil imports. China benefits from Western sanctions on oil producers, especially during periods of intensified sanctions, by becoming a preferred partner at favorable prices. Meanwhile, Iran almost entirely depends on the Chinese market, reflecting Iran’s limited strategic and economic importance to China. This occurs amid increasing U.S. pressures on networks purchasing Iranian oil, as Beijing seeks to safeguard its commercial interests with Washington.
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