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China, With $400 Billion Iran Deal, Could Deepen Influence in Mideast

The deal is said to include ”...$400 billion of Chinese investments to be made in dozens of fields, including banking, telecommunications, ports, railways, health care and information technology, over the next 25 years. In exchange, China would receive a regular — and, according to an Iranian official and an oil trader, heavily discounted — supply of Iranian oil.
The draft also called for deepening military cooperation, including joint training and exercises, joint research and weapons development and intelligence-sharing.”

[archive.fo]

Garsco 8 Mar 28
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