China Challenges the US on Iran

According to a leaked draft of the comprehensive strategic partnership agreement, circulated last year, Iran will receive $400 billion dollars in Chinese investments over the next 25 years in key Iranian economic sectors, including energy, telecommunications, defense, infrastructure, banking, petrochemicals, railways and ports. According to the leaked draft, there will be also an expansion of military assistance, training and intelligence-sharing. Nearly 100 projects are cited in the draft. In return, Iran will commit to providing regular and heavily discounted oil, gas and possibly other natural resources to China.