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China opposes EU, U.S. sanctions on Iran [Copy link] 中文

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Post time 2012-1-26 21:37:24 |Display all floors
BEIJING, July 30 (Xinhua) -- China opposed unilateral sanctions levied on Iran by the European Union (EU), said Foreign Ministry spokeswoman Jiang Yu here on Friday.

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Post time 2012-1-26 21:39:39 |Display all floors
With trade to China and India in a healthy state, who needs the bankrupted EU?  

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Post time 2012-1-26 21:41:10 |Display all floors
The main reason China and India have strong growth is the absence of a war-lobby (aka zio-lobby)

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Post time 2012-1-26 21:56:48 |Display all floors
As the IAEA monitors Iran 24/7, it's only fair that it should also start monitoring Dimona

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Post time 2012-1-26 21:58:51 |Display all floors
bambino Post time: 2012-1-26 21:39
With trade to China and India in a healthy state, who needs the bankrupted EU?

The EU is most likely still Irans largest trading partner. Of China ,India and Europe. The EU was the only one with a net export to Iran. The numbers are quite clear. The EU sells stuff and China/India gives them paper (dollar). UAE was the largest net exporter to Iran by far though. That's the country they need the most apparently.

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Post time 2012-1-26 22:02:33 |Display all floors
Correction: China favours currency swaps over dollar trade.

India and China will sign more contracts with Iran.

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Post time 2012-1-26 22:18:41 |Display all floors
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Official figures say the EU remains Tehran’s largest commercial partner, with trade totalling $35bn in 2008, compared with $29bn with China.

But this number disguises the fact that much of Iran’s trade with the United Arab Emirates consists of goods channelled to or from China. Majid-Reza Hariri, deputy head of the Iran-China Chamber of Commerce, said that transhipments to China accounted for more than half of Tehran’s $15bn (€10.9bn, £9.6bn) trade with the UAE.

When this is taken into account, China’s trade with Iran totals at least $36.5bn, which could be more than with the entire EU bloc. No definite conclusion is possible because it is unclear how much of Iran’s trade with Europe is channelled via the UAE.

-FT

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