Chinese-Iranian trade lacks strategic backing
The article discusses the relations between China and Iran, noting that China accounts for around 90% of Iran's oil exports and is Tehran's main trading partner. However, their relationship remains uneven and does not involve deep strategic support. Beijing has focused on strengthening its position in the Global South through alliances like BRICS and the Shanghai Cooperation Organization, balancing its regional relations, especially with Iran's rivals. Despite signing a 25-year strategic cooperation agreement valued at $400 billion, actual investments have only reached about $2-3 billion, and Chinese direct investments in Iran totaled $4.5 billion by the end of 2024— a small figure compared to Gulf countries. Trade between China and Iran is limited, constituting less than 1% of China's total trade. China ceased supplying arms to Iran in 2005, and cooperation has mainly centered around dual-use goods, with China adhering to financial sanctions and avoiding direct military support despite regional tensions. Nonetheless, diplomatic communication continues to promote cooperation and stability for the mutual interests of both parties.
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