Based on the agreement, China has agreed to inject $300-$400 billion by foreign direct investment into the Iranian oil, gas and petrochemical industries.
Iran has become increasingly reliant on China to survive existential crises, including diplomatic isolation, regional tensions and a rocky economy. In March 2023, China—Iran's largest trade partner—brokered an agreement between Iran and Saudi Arabia to restore diplomatic ties seven years after severing relations.
This deal is a test of China's role as an 'international mediator,' but there is no certainty as to how long Riyadh and Tehran will be able to sustain the manufactured peace. This also poses a challenge for China regarding maintaining an equidistance and balancing between Saudi Arabia and Iran.
Commercially, land and sea trade with China was important to both the Sassanid and Chinese Empires. Large numbers of Sassanid coins have been found in southern China, confirming maritime trade. On various occasions, Sassanid kings sent their most talented Persian musicians and dancers to the Chinese imperial court.
The agreement negotiated in Beijing to restore relations between Saudi Arabia and Iran signaled at least a temporary reordering of the usual alliances and rivalries, with Washington left on the sidelines. WASHINGTON — Finally, there is a peace deal of sorts in the Middle East.
During the Iran–Iraq War from 1980 to 1988 China was one of the main suppliers to all sides in the war. In fact, China had played both sides during the war and had sent arms to both Iran and Iraq.
Saudi Arabia was China's top supplier in 2022, selling 87.49 million tonnes of crude during the year, equivalent to 1.75 million bpd.
It wasn't until 1969 that Iran displayed open support for China's membership. Now, Iran relies on China's membership, and especially Chinese veto power on the Security Council, to protect it from US-led sanctions. China is known for its preference of diplomacy over sanctions.
Under a draft of the 25-year agreement (signed on 24 June 2020 in Beijing) previously obtained by The New York Times, China is to invest US$400 billion in Iran's economy over that time period in exchange for a steady and heavily-discounted supply of oil from Iran.
Ancient Persia was trade hub between China and Rome. They had zero reason to invade China, most of all Persian just respected China as kingdom that equal or even more powerful than them. Not to mention China is really far from them, probably it will took 4–5 years to reach China from Persia.
China has a GDP per capita of $16,400 as of 2020, while in Iran, the GDP per capita is $12,400 as of 2020.
Economy. China has a GDP per capita of $16,400 as of 2020, while in Saudi Arabia, the GDP per capita is $44,300 as of 2020. In China, 3.6% of adults are unemployed as of 2019. In Saudi Arabia, that number is 6.0% as of 2017.
China and Saudi Arabia are close and strategic allies and have been increasing cooperation in the energy and financial sectors, the Belt and Road Initiative, and has signed numerous deals across several areas.
Syria. Syria and Iran are strategic allies. Syria is often called Iran's "closest ally", the Arab nationalism ideology of Syria's ruling Baath party notwithstanding.
China and India have also emerged as friends of Iran; these three countries face similar challenges in the global economy as they industrialize, and consequently find themselves aligned on a number of issues. Iran maintains regular diplomatic and commercial relations with Russia and the former Soviet Republics.
It is a founding member of the United Nations, the ECO, the OIC, and the OPEC. It has large reserves of fossil fuels—including the second largest natural gas supply and the third-largest proven oil reserves. The country's rich cultural legacy is reflected in part by its 26 UNESCO World Heritage Sites.
An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
“In return, Russia has been offering Iran unprecedented defense cooperation, including on missiles, electronics and air defense. We believe that Russia might provide Iran with fighter jets.
China nationals do not need a visa to visit Iran. With a typical stay length of 21 days, it is brief. The applicant must be present to submit an application for a tourist visa to Iran.
Iran and Russia are strategic allies and form an axis in the Caucasus alongside Armenia. Iran and Russia are also military allies in the conflicts in Syria and Iraq and partners in Afghanistan and post-Soviet Central Asia. The Russian Federation is also the chief supplier of arms and weaponry to Iran.
Who supported Iran during the Iran-Iraq War? During the Iran-Iraq War, Iran's only major allies were Syria and Libya.
Traditionally, Japanese oil security policy has been focused on two major countries in the Persian Gulf region: Iran and Saudi Arabia. Japan has maintained a relatively good relationship with Iran compared to Western countries, even after the Islamic Revolution in 1979.
China has one of the world's largest strategic oil reserves. Global strategic petroleum reserves (GSPR) refer to stockpiles of crude oil held by countries (and private industry) for national security during an energy crisis.
Saudi Arabia is China's main crude oil supplier. In 2021, China imported nearly 81 million metric tons worth of crude oil from the Middle Eastern producing giant. In fact, the majority of China's oil imports originated from countries in the Middle East.