China To Inveest $400 Billion In Iran - Foreign Affairs - Nairaland
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| China To Inveest $400 Billion In Iran by Ibrahimmrfish(m): 6:34pm On Jul 24, 2020 |
China And Iran Approach Massive $400 Billion Deal Ariel CohenContributor Energy I cover energy, security, Europe, Russia/Eurasia & the Middle East  China's Foreign Minister Wang Yi (R) shakes hands[+]POOL/AFP VIA GETTY IMAGES More From Forbes China, sensing America’s internal political difficulties amidst social justice protests and a poor COVID-19 response, is taking off the gloves: Beijing is said to be in the final stages of approving a $400 billion economic and security deal with Tehran. In addition to massive infrastructure investments, the agreement envisions closer cooperation on defense and intelligence sharing, and is rumored to include discounts for Iranian oil. If finalized, the PRC would gain massive influence in this geopolitically critical region, and simultaneously throw a lifeline to the embattled Mullah Regime. The United States is likely to push back against this partnership, which threatens US security and energy interests in the Middle East and Eurasia. It’s little secret that Washington’s foreign policy interest constantly clash with those of Tehran and Beijing. In the 20th century the main political rival of the US was the Soviet Union, whose collapse in 1991 ushered in the unipolar world of the late 90’s and early 2000’s. In the 21st century that there is no question of America’s new ‘near’ peer competitor: the People’s Republic of China, a country with a much bigger economic base than the USSR ever had. China’s Belt and Road Initiative (BRI), the flagship of Chinese President Xi Jinping’s global ambitions, is a powerful policy tool that puts US foreign policy influence to the test. When it comes to geopolitical strategy there’s a saying among foreign policy experts: Russia play chess, China plays Go, and the United States plays football. Iran – with its strong anti-American sentiment, large military, and vast hydrocarbon reserves – is an important piece of China’s global Go board. The China-Iran deal is the latest step in Beijing’s attempt to expand from a regional hegemony to a world power via BRI. China is often criticized by Western policy analysts for its so-called “Debt Diplomacy” – the policy of indebting an economically weak nation with predatory investment packages. Often times, this manifests itself as leverage for key infrastructure grabs, one of the most famous examples being Sri Lanka’s Hambantota port, which the government was forced to lease to China for 99 years after it failed to repay Chinese loans. Similarly, Pakistan owes China at least $10 billion in debt for the construction of Gwadar Port, and the territory is leased to the Chinese government through 2059. Another country in the region, The Maldives, owes China roughly $1.5 billion in debt which is about 30% of its GDP. The giant deal with Iran would increase Chinese investments in Iranian banking, telecommunications, and transportation infrastructure including airports, railways and free trade zones (FTZs). China is also eyeing a central role in Iran’s cyber space with the country offering "greater control over what circulates." The prospective agreement also extends a number of potential defense cooperation projects and underscores increased intelligence sharing. While the arrangement could offer new life to Iran’s sanction-choked economy, there is also the distinct possibility that it could leave the Islamic Republic inescapably beholden to Beijing. Many in the Iranian geopolitically savvy elite understand that. China Plays The Long Game Beijing is exploiting Tehran’s growing desperation exacerbated by the COVID health and economic crises. Recent cyber-attacks on its nuclear and naval infrastructure are also pushing to government into the arms of China. After all, the rising superpower offers an insatiable oil market, military and civilian technology, massive investment, and a potential political cover on the global stage, including a veto power in the UN Security Council – all things that Iran is in dire need of. Both countries see the deal as mutually beneficial, but also as a potential mechanism for confronting US dominance in the Middle East. Iran is one of world’s the top five natural gas producers and sits atop 15% of OPEC's crude reserves but as of October last year their economy was projected to shrink by some 9.5% due mostly to the reintroduction of US sanctions. Oil output and revenues have plummeted — falling from nearly 4 million bpd in 2018 to just 2 million bpd today. This dire situation preceded the outbreak of COVID 19, which hit Iran particularly hard (and crushed demand for its chief export).  US sanctions and Iran's oil exports BBC/OPEC Clearly, the anti-American edge of the deal is what attracts Washington’s attention. It would bolster China’s new digital currency e-RMB as a way to bypass American financial systems, and reduce the power of the dollar. It would also serve to benefit the world’s most voracious energy consumer and provide a mechanism to sell Iranian oil while evading US sanctions policy. China’s strategic investment together with military cooperation would boost one of the most anti-American powers, threaten American allies in the Middle East from Riyadh to Jerusalem, and provide Chinese companies preferred access to trillions of dollars in untapped hydrocarbons and markets. India, which traditionally maintained good relations with Iran, and recently clashed with China militarily in the Himalayas, is looking wearily at the double encirclement Beijing is executing against it. Beijing Bites More Than It Can Chew Yet there is some Iranian concern about a full economic embrace of China. In late-June former President Mahmud Ahmadinejad warned in a speech that policymakers were “handing Iran's purse to other countries without informing the nation." Others have since joined the criticism, including former conservative lawmaker Ali Motahari, who appeared to suggest on Twitter that before signing the pact Iran should raise the fate of Muslims who are reportedly being persecuted in China. And Crown Prince Reza Pahlavi, an exiled opposition leader, join the choir of opponents to the deal. It is also worth bearing in mind that while China likes to talk a big game about its BRI initiative, there is mounting evidence that Beijing’s goals are too lofty for their own good. As COVID-19 impedes the trend towards globalization, Central Asian countries, a cornerstone of China’s Belt and Road stratagem, are also seeing their economies slow down. The BRI land route has also been criticized for waste and fraud, which is certainly part of a broader pattern. The US will continue to take action against any Chinese company breaking sanctions, according to a US State Department source. Beyond that, companies which are getting involved in the Sino-Iranian honeymoon will be doing so at their own peril, while high economic and security risks are only mitigated by Beijing’s strategic commitment, focus, and implacability. With Assistance from David Pasmanik and James Grant Follow me on Twitter.  |
| Re: China To Inveest $400 Billion In Iran by Nobody: 6:47pm On Jul 24, 2020 |
Good deal. Don't quote me, didn't read the writeup 1 Like 1 Share |
| Re: China To Inveest $400 Billion In Iran by kulobyno: 6:49pm On Jul 24, 2020 |
Ok |
| Re: China To Inveest $400 Billion In Iran by decatalyst(m): 6:56pm On Jul 24, 2020 |
humblyphilip: 1 Like
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| Re: China To Inveest $400 Billion In Iran by bigpicture001: 6:57pm On Jul 24, 2020 |
China and Russia are bent on destroying the world....... |
| Re: China To Inveest $400 Billion In Iran by techmo(m): 7:02pm On Jul 24, 2020 |
 Just to piss Westerners off, you support Hongkong we support Iran Thank God more and more people are turning against the so called colonial masters If you like keep sucking the balls of Lord Lugard, China as out grown that If Black lives don't matter because they are stupid, Atleast Chinese are saying their life matters If dunce like being called Shithole Atleast the Chinese are standing up to the west after many years of rubbishing them If Africans want to copy western corrupt laws and Democracy, Chinese have decided to use more disciplined communism that reflects their culture . 7 Likes |
| Re: China To Inveest $400 Billion In Iran by flyingpig: 7:04pm On Jul 24, 2020 |
bigpicture001:I hate that China country ehn. I just can't stand a world controlled by a communist country with devastating human rights. Besides, their language sucks and Chinawood is lame  I love the West; USA, UK, Canada, Germany, Australia, etc  1 Like |
| Re: China To Inveest $400 Billion In Iran by bigpicture001: 7:09pm On Jul 24, 2020 |
flyingpig: My own is that they are too crafty and likes to deny everything they do.. |
| Re: China To Inveest $400 Billion In Iran by Dottore: 7:12pm On Jul 24, 2020 |
Finally someone is standing up and saying no to bullying and intimidation. The US has a lot to worry about China: 1. Chinese aggressive and strategic efforts to break America's Dominance in Science and technology. From copy cats to patent holders. They have become Artificial Intelligence (AI) force to reckon with. https://www.forbes.com/sites/cognitiveworld/2020/01/14/china-artificial-intelligence-superpower/#1d67f8142f05 2. Chinese controversial Belt and Road projects have given them access and forced economic influence over lots of weaker countries. The problem is that most of those countries are not complaining given that the West have no better option but more selfish interests. The jealous hypocritical Western countries are the ones running the smear campaign against Belt and Road labelling it debt trap. 3. Chinese leadership role in 5G is more than enough humiliation to the US. How can a whole US with all the glorious Silicon Valley Companies and tech giants not have even a single company making the latest technology that will control Internet of things in the whole wide world for at least the next 30years. That's why the US are stopping at nothing to make sure Huawei and ZTE do not go far with it. The bitter truth is that Huawei is moving ahead with "Minor Dents and Scratches" and even posted 13% growth much more than 9% growth of the preceding year. 4. Countries (Pakistan, Iran, Russia, North Korea, Iraq) with conflicting interests with the US would hastily align with the Chinese willingly whereas many US allies (Germany most notably) are not so motivated as they used to be, given Trump's many diplomatic flaws and arrogance. 5.Chinas Dominance as world manufacturer and trade hub will not end in the nearest foreseeable future given their massive investment in science and technology, industrial AI manufacturing, experience, currency advantage which they manipulate to stay below the dollar despite their large exports, quick responses to production requirements and demands. Even though India is America's next cheap production destination, the truth is that India still has years of very long miles to go starting from addressing industrial energy demands besides their senior rival China will not fold their hands and watch. 6. Chinese innovative leap to pioneer the adoption of digital currency is another cause for worry for the US because it will eagerly reduce the influence of dollars. Even Bank of America gives acknowledges the innovative position of China on that. https://www.coindesk.com/first-mover-bank-of-america-china-digital-currency-race?amp=1 7. China is also a nuclear power with Triad capabilities and copious ambitious increase of defense budget. To me I feel more attention should be paid to the poor handling of Covid-19 by Trump's administration. All these China vs US issue is a distraction to the apparent under reported increase in infections and deaths in the US 3 Likes |
| Re: China To Inveest $400 Billion In Iran by Nobody: 7:28pm On Jul 24, 2020 |
bigpicture001: And US is repairing the world? 4 Likes |
| Re: China To Inveest $400 Billion In Iran by Nobody: 7:37pm On Jul 24, 2020 |
techmo: China is on a tactical mission to resurrect the desolated and ally with the countries ambushed by the western criminals.. Western pride and haughty wall is cracking, and about to collapse. Reason, the wool-hair terror puppet in suit is restless bullying China and North Korea by crook or by hook.. America and European allies don dey cast!! 3 Likes |
| Re: China To Inveest $400 Billion In Iran by techmo(m): 7:47pm On Jul 24, 2020 |
Wolgrace: Slowly others would wake up, Trump's irrational behaviour is making everyone see them for who they are . 3 Likes |
| Re: China To Inveest $400 Billion In Iran by michlins(m): 7:49pm On Jul 24, 2020 |
This game of politics and power grab no be small thing. The current people dragging power from USA in China won't live to see their dreams come through and that's how painful the goals are |
| Re: China To Inveest $400 Billion In Iran by bigpicture001: 8:02pm On Jul 24, 2020 |
Wolgrace: Very well yes |
| Re: China To Inveest $400 Billion In Iran by Nobody: 8:02pm On Jul 24, 2020 |
techmo: He's like a bullet in the hands those who invented and owns the gun.. They are real enemy of mankind. Trump is only obeying orders from above, so his abusive, bullying, intolerating, and racist character fits the job.. China and NK are gradually putting them where they belong. Nigeria inclusively, but its a long strategical story. Trump knows this more than most of us, hence his executive sanction on us. Na confirm baddo! 2 Likes |
| Re: China To Inveest $400 Billion In Iran by Nobody: 10:16pm On Jul 24, 2020 |
bigpicture001: Definitely, you really have a big picture. Please keep it bigger, I will try to imitate you. One love brother. |
| Re: China To Inveest $400 Billion In Iran by bigpicture001: 10:40pm On Jul 24, 2020 |
Wolgrace: If only I know u in person.... I would hv exposed ur misconceptions .... But here if I ask u anything... U go Google am B4 u reply.... NO wahala Sha every man with ein belief |
| Re: China To Inveest $400 Billion In Iran by Nobody: 10:58pm On Jul 24, 2020 |
bigpicture001: Really? If you rely on google still, you will surely fail some of your own question. |
| Re: China To Inveest $400 Billion In Iran by bigpicture001: 11:01pm On Jul 24, 2020 |
Wolgrace: Lol |
| Re: China To Inveest $400 Billion In Iran by abduljabbar4(m): 12:58am On Jul 25, 2020 |
bigpicture001: And US, UK and France built the following countries: Afghanistan Libya Venezuela Iraq Vietnam Haiti All African countries. For all that we know, evil China is building infrastructures in weak countries while 'stealing' their resources. Can you say the same about Saint. USA and France? How much development have they brought to our francophone neighbors and Haiti? 1 Like |
| Re: China To Inveest $400 Billion In Iran by abduljabbar4(m): 1:00am On Jul 25, 2020 |
flyingpig: I weep for Africa 1 Like |
| Re: China To Inveest $400 Billion In Iran by jesmond3945: 3:26am On Jul 25, 2020 |
techmo:you have said it all. This political system is not our thing. We should change our system of Govt to reflect our culture. 1 Like |
| Re: China To Inveest $400 Billion In Iran by jesmond3945: 3:30am On Jul 25, 2020 |
flyingpig:you love the west that see you as a shithole and treats you as such. Look at how their democractic political system has damaged our country. |
| Re: China To Inveest $400 Billion In Iran by Olominira(m): 3:53am On Jul 25, 2020 |
flyingpig:Many of you guys are ignorant. My first visit to China changed my opinion about how western media report on others. I first landed in Beijing then travelled by train down South. My second time, I travelled with a chinese lady, a friend to Sichuan, Shenzhen, Shanghai etc. China and her system of govt is far better than what democrazy can ever offer. It's in the western media China is evil, fake, bad, etc. This is why I can't really blame you guys who listen to western media. Surprisingly, France is a shithole, far worst than Nigeria but no one is talking about it. 3 Likes 2 Shares |
| Re: China To Inveest $400 Billion In Iran by Olominira(m): 4:09am On Jul 25, 2020 |
Dottore: You wrote all these from my mind, everything. I like US so much but their bullies is becoming uncalled-for in 21st century. It's my wish China succeed with eRMB and create a parallel global monetary system to rival the dollar system we have now. US needs to start allowing weak nations to have their breath for once. 1 Like |
| Re: China To Inveest $400 Billion In Iran by Olominira(m): 4:13am On Jul 25, 2020 |
techmo:I wish I could like this comment in million times. I like intelligent people. 2 Likes 1 Share |
| Re: China To Inveest $400 Billion In Iran by Olominira(m): 4:19am On Jul 25, 2020 |
abduljabbar4: It's the effect of western fake media on our people. I've been to several countries around the world and I can authoritatively say Japan, South Korea, China, and many countries including Mauritius, Namibia are better managed than the so called european nations including US. They are dangerous countries with a lot of mentally sick and criminals roaming around with weapons at nights especially in France, UK and US. 1 Like |
| Re: China To Inveest $400 Billion In Iran by Olominira(m): 4:39am On Jul 25, 2020 |
Wolgrace:You get it. The european leaders were the ones calling on US to do something about China's growing influence in Africa and world at large. Trump agreed with them after a meeting in France in 2017. He started with increasing taxes then sanctioning chinese businesses, but all were coming back to hurt American tech companies and agriculture badly. They were loosing the trade war, instead for Huawei to loose revenues, it jumped more than 13%. Then suddenly coronavirus hit China and they were making jokes of it. Fortunately, Chinese authority used all their powers, tech, and brutal lockdown to stop the virus at once. They defeated the virus. Note, coronavirus would not go until the world is reset. The western decade of abuse of power would go with this virus. Either China would be a good superpower or not, they're occupying it now. But, one thing is obvious about Chinese culture; they believe in peaceful coexistence and win win collaborations compare to the west that believe they must conquer, steal and subjugate. 2 Likes 1 Share |
| Re: China To Inveest $400 Billion In Iran by bigpicture001: 4:51am On Jul 25, 2020 |
Wolgrace: Guess you create your own news |
| Re: China To Inveest $400 Billion In Iran by abduljabbar4(m): 8:30am On Jul 25, 2020 |
Olominira: Exactly my brother. Chicago is currently worse than Kaduna 1 Like |
| Re: China To Inveest $400 Billion In Iran by Nobody: 9:35am On Jul 25, 2020 |
bigpicture001:You would believe just anything? |
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